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Bond Yields Find the promised yield to maturity for a 6% coupon, $1,000 par 20 year bond selling at $922.33. The bond makes semiannual coupon
Bond Yields Find the promised yield to maturity for a 6% coupon, $1,000 par 20 year bond selling at $922.33. The bond makes semiannual coupon payments. |
a) 6.93%
b) 6.71%
c) 6.23%
d) 6.78%
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