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Guggenheim, Inc. offers a 7 percent coupon bond with annual payments. The yield to maturity is 5 . 8 5 percent and the maturity date

Guggenheim, Inc. offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the maturity date is 9 years. What is the market price of a $1,000 face value bond?
A) $1,078.73
B) $979.59
C) $868.67
D) $869.67
E) $742.66
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