Coupon bond with annual payments-what is the market price

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Gugenheim, Inc. offers a 10.00 percent coupon bond with annual payments. The yield to maturity is 5.4 percent and the maturity date is 7 years. What is the market price of a $1,000 face value bond?

Reference no: EM131049201

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Coupon bond with annual payments-what is the market price : Gugenheim, Inc. offers a 10.00 percent coupon bond with annual payments. The yield to maturity is 5.4 percent and the maturity date is 7 years. What is the market price of a $1,000 face value bond?
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