Question: Question 9 10 points Save Answer The Guilford Corporation has a bond outstanding with a face value of $1.000 that reaches maturity in ten years.

Question 9 10 points Save Answer The Guilford Corporation has a bond outstanding with a face value of $1.000 that reaches maturity in ten years. The bond certificate indicates that the stated coupon rate for this bond is 8.0 % and that the coupon payments are made semiannually. Assuming the appropriate yield to maturity (YTM) on the Guilford bond is currently 11.196, then the current price of this bond is closest to $438 a. $652 b. $1.142 c. $979 d. $816 e

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