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Wine and Roses, Inc., offers a bond with a coupon of 10 percent with semiannual payments and a yield to maturity of 10 percent. The

Wine and Roses, Inc., offers a bond with a coupon of 10 percent with semiannual payments and a yield to maturity of 10 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond? $1204.55$1000$1305.8851,504.99$895.63

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