Question
Wine and Roses, Inc., offers a bond with a coupon of 7.00 percent with semiannual payments and a yield to maturity of 7.89 percent. The
Wine and Roses, Inc., offers a bond with a coupon of 7.00 percent with semiannual payments and a yield to maturity of 7.89 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
A) $943.41
B) $1445.06
C) $1020.13
D) $1498.35
E) $1388.48
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
