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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 9 years away. What is the market price of one $1,000 face value bond?
$880.86
$934.59
$869.70
$870.01
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