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Wine and Roses, Inc. offers a 10.0 percent coupon bond with semiannual payments and a yield to maturity of 11.00 percent. The bonds mature in

Wine and Roses, Inc. offers a 10.0 percent coupon bond with semiannual payments and a yield to maturity of 11.00 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

a. $1562.30

b. $1506.07

c. $1076.69

d. $943.77

e .$1381.47

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