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Wine and Roses, Inc., offers a bond with a coupon of 9.50 percent with semiannual payments and a yield to maturity of 10.56 percent. The

Wine and Roses, Inc., offers a bond with a coupon of 9.50 percent with semiannual payments and a yield to maturity of 10.56 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond?

$1448.37

$1046.12

$1504.69

$1439.00

$943.69

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