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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 8.78 percent. The

Wine and Roses Incorporated, offers a bond with a coupon of 8.0 percent with semiannual payments and a yield to maturity of 8.78 percent. The bonds mature in 5 years. What is the market price of a $1,000 face value bond? Multiple Choice a. $1,318.23 b. $1,650.75 c. $1,003.02 d. $968.97 e. $1,287.20

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