Question: Wine and Roses, Inc., offers a bond with a coupon of 8.0 percent with semiannual payments and a yield to maturity of 8.78 percent. The

Wine and Roses, Inc., offers a bond with a coupon of 8.0 percent with semiannual payments and a yield to maturity of 8.78 percent. The bonds mature in 5 years. What is the market price of a $1,000 face value bond?

multiple choice

$1,650.75
$1,318.23
$1,287.20
$968.97
$1,003.02

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