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A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in eight years, and is selling today at a
- A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in eight years, and is selling today at a $948. The yield to maturity on this bond is
| A. | 8.00%. | |
| B. | 11.01%. | |
| C. | 12.26%. | |
| D. | 14.08%. |
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
