Wine and roses inc offers a 90 percent coupon bond with


Wine and Roses, Inc. offers a 9.0 percent coupon bond with semi annual payments and a yield to maturity of 9.78 percent. The bonds mature in 7 years. What is the market price of a $1,000 face value bond?

A. $961.12

B. $1,409.71

C. $1,512.53

D. $1,448.59

E. $1,035.39

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Financial Accounting: Wine and roses inc offers a 90 percent coupon bond with
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