Multiple Choice
Gugenheim, Inc.offers a 7% coupon bond with annual payments.The yield to maturity is 5.85% and the maturity date is 9 years.What is the market price of a $1,000 face value bond?
A) $742.66
B) $868.67
C) $869.67
D) $1,078.73
E) $1,079.59
Correct Answer:
Verified
Correct Answer:
Verified
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