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A corporate bond has a face value of $1000, and pays a $47 coupon semiannually (that is the bond has a 9.4 percent coupon). The
A corporate bond has a face value of $1000, and pays a $47 coupon semiannually (that is the bond has a 9.4 percent coupon). The bond matures in 8 years and sells at a price of $1,054. What is the bonds nominal yield to maturity? A. 8.46% B. 8.76% C. 9.06% D. 9.36% E. 8.16%
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Personal Finance Turning Money Into Wealth
Authors: Arthur Keown
8th Edition
0134730364, 978-0134730363
