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The Guilford Corporation has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond certificate indicates that the

The Guilford Corporation has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond certificate indicates that the stated coupon rate for this bond is 8.0% and that the coupon payments are made semiannually. Assuming the appropriate yield to maturity (YTM) on the Guilford bond is currently 11.1%, then the current price of this bond is closest to

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