Gugenheim, Inc. offers a 7 percent coupon bond with annual payments. The yield to maturity is 8.3 percent and the maturity date is 7 years. What is the market price of a $1,000 face value bond?
A $1000 face value bond has two years left to maturity, 5.6% coupon rate with annual coupons, and is currently trading at $915. What is the YTM on this bond?
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