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A $1000 par value 10-year bond with a 10% coupon rate recently sold for $900. The yield to maturity: a. is less than 10% b.
A $1000 par value 10-year bond with a 10% coupon rate recently sold for $900. The yield to maturity: a. is less than 10% b. is greater than 10% c. is 10% d. cannot be determined
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The Pillars Of Finance The Misalignment Of Finance Theory And Investment Practice
Authors: G. Fraser-Sampson
2014th Edition
1137264055, 978-1137264053
