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An investor pays $3,000 for a $10,000 corporate (junk) bond with an 8% coupon (interest rate). What is the bondholder's yield? Select one: a. 3.00%

An investor pays $3,000 for a $10,000 corporate (junk) bond with an 8% coupon (interest rate). What is the bondholder's yield?

Select one:

a. 3.00%

b. 8.00%

c. 8.75%

d. 26.67%

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