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A BOND HAS A $1,000 PAR VALUE, 10 YEARS TO MATURITY, AND A 7% ANNUAL COUPON RATE. IT SELLS FOR $985.00 WHAT IS ITS YIELD
A BOND HAS A $1,000 PAR VALUE, 10 YEARS TO MATURITY, AND A 7% ANNUAL COUPON RATE. IT SELLS FOR $985.00 WHAT IS ITS YIELD TO MATURITY (YTM)? PAR VALUE $1,000.00 MATURITY 10 COUPON 7.00% SELLING PRICE $985.00 a) 7.5127 b) 7.2157 c) 8.2157 d) 7.432
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
