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Brown Enterprises' bonds currently sell for $1,051. They have a 9-year maturity, an annual coupon of $80, and a par value of $1,000. What is
Brown Enterprises' bonds currently sell for $1,051. They have a 9-year maturity, an annual coupon of $80, and a par value of $1,000. What is their yield to maturity?
| 6.87% | ||
| 7.03% | ||
| 7.21% | ||
| 7.45% | ||
| 7.61% |
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
5th Edition
0131445650, 9780131445659
