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A bond has a par value of $1000 and a 5% annual coupon rate. It has 10 years to maturity and a current price of
A bond has a par value of $1000 and a 5% annual coupon rate. It has 10 years to maturity and a current price of $1000. What is the bond's yield to maturity? Assume the bond pays coupon annually. A. More information is needed to determine the answer O B. Less than 5% C. 5% OD. More than 5% What should be the price of a bond that has a par value of $1000 and a 10% annual coupon rate, has 10 years to maturity, and has a required annual return of 5%? Assume the bond pays coupon annually. O A. None is correct OB. $692.77 OC. $1,386.09 $1000
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