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A ten-year bond pays 11% interest on a $1,000 face value annually. If it currently sells for $1,195, what is its yield to maturity? Select
A ten-year bond pays 11% interest on a $1,000 face value annually. If it currently sells for $1,195, what is its yield to maturity?
Select one:
A. 9.33%
B. 7.94%
C. 8.08%
D. 12.66%
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
