Guggenheim offers a bond with annual payments and a coupon rate of 5 percent.The yield to maturity is 5.62 percent and the maturity date is 9 years away.What is the market price of one $1,000 face value bond?
A) $942.66
B) $868.67
C) $869.67
D) $957.12
E) $1,009.59
Correct Answer:
Verified
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