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A 10-year bond with a 8.90% coupon rate was issued at a price of $901 . Find the bond yield to maturity at time of
A 10-year bond with a 8.90% coupon rate was issued at a price of $901 . Find the bond yield to maturity at time of issue.
| a. | 9.57% | |
| b. | 8.70% | |
| c. | 7.91% | |
| d. | 10.53% | |
| e. 7.19%
Please show working out so I can understand! |
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
