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

Guggenheim offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 7 percent and the maturity date is 10 years away. What is the market price of one $1,000 face value bond?

A: $859.53

B: $890.82

C: $934.59

D: $869.70

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