What is the market price face value bond

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Question - Wine and Roses, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 7.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

A. $953.28

B. $953.88

C. $1,108.16

D. $1,401.26

E. $1,401.86

Reference no: EM132998766

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