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19. What is the yield to maturity for a bond paying $100 annually that has 6 years until maturity and sells for $1,000? FV =1000
19. What is the yield to maturity for a bond paying $100 annually that has 6 years until maturity and sells for $1,000? FV =1000 A. 6.0% B. 8.5% C. 10.0% D. 12.5% 20. What is the present value of a stable perpetuity of $50,000 per year that starts at the end of year 7 and continues to infinity? The appropriate discount rate is 8%. A. 393.856 B. 364,681 C. 625,000 D. 389,768
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
