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A $1,000 par value 12-year bond with a 9 percent coupon rate recently sold for $980. The yield to maturity is; a. 9 percent. b.
A $1,000 par value 12-year bond with a 9 percent coupon rate recently sold for $980. The yield to maturity is;
| a. | 9 percent. | b. | greater than 9 percent. | c. | 8.8%. | d. | less than 8% |
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
