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Business, 01.03.2021 22:00 jack6563

Wine and Roses, Inc. offers a 8.5 percent coupon bond with semiannual payments and a yield to maturity of 9.20 percent. The bonds mature in 6 years. What is the market price of a $1,000 face value bond? a. $1,353.60
b. $1,582.93
c. $1,385.33
d. $1,019.94
e. $968.27

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