Gugenheim 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
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