What is the market price per bond if the face value

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Reference no: EM13946910

Oil Wells offers 6.5 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000?

A. $989.70

B. $975.93

C. $996.48

D. $902.60

E. $913.48

Reference no: EM13946910

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