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Wine and Roses, Inc. offers a 8.5 percent coupon bond with semiannual payments and a yield to maturity of 9.20 percent. The bonds mature in

Wine and Roses, Inc. offers a 8.5 percent coupon bond with semiannual payments and a yield to maturity of 9.20 percent. The bonds mature in 6 years. What is the market price of a $1,000 face value bond?

$1,353.60
$1,582.93
$1,385.33
$1,019.94
$968.27

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