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Wine and Roses, Inc

Finance

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Wine and Roses, Inc., offers a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 8.16 percent. The bonds mature in 10 years. What is the market price of a $1,000 face value bond? O $1.449.42 O $1,055 32 O $1.506.05 O $1,461.51 $955.47