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QUESTION 16 Oil Wells offers 7 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven

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QUESTION 16 Oil Wells offers 7 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? A. $1049.70 B. $1029.42 OC. $1003.28 OD. $902.60 E. None of the above

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