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    Wine and Roses, Inc: The Market Price

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    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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    Solution Summary

    This solution calculates the market price of Wine and Roses, Inc based on coupon bonds, semiannual payments, and a yield to maturity.