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A $1,000 par bond with a 5.5% annual coupon and seven years to maturity trades at a price of $1,118. What is the yield to
A $1,000 par bond with a 5.5% annual coupon and seven years to maturity trades at a price of $1,118. What is the yield to maturity of the bond?
A. 3.57%
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B. 2.58%
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C. 1.79%
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D. 4.17%
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
