Problemgugenheim inc offers a 750 percent coupon bond with, Ask an Expert

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Problem:

Gugenheim, Inc. offers a 7.50 percent coupon bond with annual payments. The yield to maturity is 4.15 percent and the maturity date is 11 years.

Required:

Question 1: What is the market price of a $1,000 face value bond?

Note: Please show how you came up with the solution.

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Category:- Basic Finance
Reference No.:- M91149396

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