What is the market price of face value bond

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Reference no: EM13826105

Wine and Roses, Inc. offers a 9.0 percent coupon bond with semi annual payments and a yield to maturity of 9.78 percent. The bonds mature in 7 years. What is the market price of a $1,000 face value bond?

A. $961.12

B. $1,409.71

C. $1,512.53

D. $1,448.59

E. $1,035.39

Reference no: EM13826105

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