Coupon bond with semiannual payments and yield to maturity

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Wine and Roses, Inc. offers a 9.5 percent coupon bond with semiannual payments and a yield to maturity of 10.56 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond?

$943.69

$1,439.00

$1,448.37

$1,046.12

$1,504.69

Reference no: EM131308054

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