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Wine and Roses, Inc., offers a bond with a coupon of 6.5 percent with semiannual payments and a yield to maturity of 6.99 percent. The

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Wine and Roses, Inc., offers a bond with a coupon of 6.5 percent with semiannual payments and a yield to maturity of 6.99 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond? O $1,57715 O $1,363.56 O $1,393.21 O $970.36 O $1,024.05

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