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Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 6.32 percent. The bonds mature in

Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 6.32 percent. The bonds mature in 11 years. What is the market price of a $1,000 face value bond?

$1,504.37
$1,367.02
$1,431.32
$1,008.79

$935.69

Gugenheim, Inc. offers a 6.75 percent coupon bond with annual payments. The yield to maturity is 3.775 percent and the maturity date is 8 years. What is the market price of a $1,000 face value bond?

$972.82
$1,240.34
$1,202.17
$458.71

$715.25

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