Market price of a face value bond


Problem:

Wine and Roses, Inc. offers a 8.0 percent coupon bond with semiannual payments and a yield to maturity of 8.78 percent. The bonds mature in 5 years.

Required:

Question: What is the market price of a $1,000 face value bond?

Note: Please show basic calculation

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Accounting Basics: Market price of a face value bond
Reference No:- TGS0888193

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