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A $1,000 par value 10-year bond with a 10 percent coupon rate recently sold for $900. The yield to maturity is: 1. 10 percent 2.
A $1,000 par value 10-year bond with a 10 percent coupon rate recently sold for $900. The yield to maturity is:
1. | 10 percent | |
2. | cannot be determined | |
3. | less than 10 percent | |
4. | greater than 10 percent |
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