Problemwine and roses inc offers a 75 percent coupon bond, Ask an Expert

Finance

Problem:

Wine and Roses, Inc. offers a 7.5 percent coupon bond with semiannual payments and a yield to maturity of 7.95 percent. The bonds mature in 15 years.

Required:

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

$1,145.89
$1,611.40
$1,650.42
$1,310.55
$960.97

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148551

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