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9 Solow Corp. has a bond with annual interest payments of $280 maturing in 17 years at a value of $1,000 per bond. The current

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9 Solow Corp. has a bond with annual interest payments of $280 maturing in 17 years at a value of $1,000 per bond. The current market price is $820. What will the nominal yield be? Multiple Choice 30% 31% 32% 28%

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