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Wine and Roses, Inc. offers a 6 percent coupon bond with semiannual payments and a yield to maturity of 6.73 percent. The bonds mature in
Wine and Roses, Inc. offers a 6 percent coupon bond with semiannual payments and a yield to maturity of 6.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
$1,107.60 | |
$1,352.04 | |
$951.89 | |
$1,351.47 | |
$951.31 |
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