Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 5.90 percent. The bonds mature in 6 years. What is the market price of a $1,000 face value bond?
- $1,274.55
- $1,705.48
- $1,254.59
- $1,003.92
- $980.03