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Wine and Roses Incorporated, offers a bond with a coupon of 8 . 0 percent with semiannual payments and a yield to maturity of 8

Wine and Roses Incorporated, offers a bond with a coupon of 8.0 percent with semiannual payments and a yield to maturity of 8.66 percent. The bonds mature in 16 years. What is the market price of a $1,000 face value bond?1:11Multiple Choice$943.42$1,257.58$1,629.26$1,685.84$1,167.47

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