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Wine and Roses, Inc. offers a 9.0 percent coupon bond with semiannual payments and a yield to maturity of 9.78 percent. The bonds mature in

Wine and Roses, Inc. offers a 9.0 percent coupon bond with semiannual payments and a yield to maturity of 9.78 percent. The bonds mature in 7 years. What is the market price of a $1,000 face value bond?

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