Oil wells offers 65 percent coupon bonds with semiannual
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?
$989.70
$975.93
$996.48
$902.60
$913.48
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