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A corporate bond has a coupon rate of 10%, a yield to maturity of 12%, a face value of $1,000, and a market price of
A corporate bond has a coupon rate of 10%, a yield to maturity of 12%, a face value of $1,000, and a market price of $900. Therefore, the annual interest payment is:
A) $100 B) $108 C) $90 D) $120
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
