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A fourteen-year bond has a 10% coupon rate and a face value of $1,000. If the current price of the bond is $875, calculate
A fourteen-year bond has a 10% coupon rate and a face value of $1,000. If the current price of the bond is $875, calculate the yield to maturity of the bond assuming semiannual interest payments. 11.51%. 11.85%. 12.75%. 5.93%.
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
