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bonds issued by Apple have a par of $1,000 and a coupon rate of 8% with a maturity of 10 years. the bonds are currently
bonds issued by Apple have a par of $1,000 and a coupon rate of 8% with a maturity of 10 years. the bonds are currently selling for $900. assume that the bonds pay coupon interest every quarter, what is the yeild to maturity?a. 9.60% b. 3.18% c. 12.26% d. 8.19% e. 9.56%
bonds issued by Apple have a par of $1,000 and a coupon rate of 8% with a maturity of 10 years. the bonds are currently selling for $900. assume that the bonds pay coupon interest every quarter, what is the yeild to maturity?
a. 9.60%
b. 3.18%
c. 12.26%
d. 8.19%
e. 9.56%
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
