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ControlWine and Roses, Incorporated, offers a bond with a coupon of 6 . 5 percent with semiannual payments and a yield to maturity of 7

ControlWine and Roses, Incorporated, offers a bond with a coupon of 6.5 percent with semiannual payments and a yield to maturity of 7.25 percent. The bonds mature in 13 years. What is the market price of a $1,000 face value bond?
multiple choice
$1,478.87
$1,396.21
$937.54
$1,060.64
$1,541.33

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