What is the market price of a face value bond
Problem:
Wine and Roses, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 7.73 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
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The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
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