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A 5 year bond with annual coupon payments of 6% is selling at 82.50% of par value. What is its yield to maturity? a. 6.0%
A 5 year bond with annual coupon payments of 6% is selling at 82.50% of par value.
What is its yield to maturity?
a. 6.0%
b. 10.7%
c. 12.0%
d. 17.5%
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
