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a 12-year bond that has a 12 percent coupon rate is currently selling for $1,000, which equals its face value. If interest is paid semiannually,
a 12-year bond that has a 12 percent coupon rate is currently selling for $1,000, which equals its face value. If interest is paid semiannually, the bond's yield to maturity is a. equal to 12% b. greater than 12% c.) less than 12% d.) none of the above
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
