Guggenheim,Inc. offers a 9% coupon bond with annual payments. The yield to maturity is 8.13% and the maturity date is 9 years. What is the market price of a $1,000 face value bond?
A) $833.41
B) $982.12
C) $1000.00
D) $1,054.06
E) $1,056.13
Correct Answer:
Verified
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