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Oil Well Supply offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 7.73 percent. The bonds mature in 8
Oil Well Supply offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 7.73 percent. The bonds mature in 8 years. What is the market price per bond if the face value is $1,000?
$1,368.96
$1,096.32
$957.62
$957.04
$1,369.54
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