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Bonds of Lowell Inc. are selling in the market for $1,107.96. These bonds carry a 9.5 percent coupon rate, paid semiannually, and have 20 years
Bonds of Lowell Inc. are selling in the market for $1,107.96. These bonds carry a 9.5 percent coupon rate, paid semiannually, and have 20 years remaining to maturity.
What is the bonds yield to maturity?
|
| A. | 7.92% |
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| B. | 9.30% |
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| C. | 8.84% |
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| D. | 9.76% |
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| E. | 7.45% |
|
| F. | 8.38% |
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