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buffs inc issues a annual bond with a 1 0 % coupon. The bond has a face value of $ 1 , 0 0 0

buffs inc issues a annual bond with a 10% coupon. The bond has a face value of $1,000 and matures in 15 years. If the current selling price of the bond is 900, what is the its yeild to matruirty?
a.15.6%
b.12.81%
c.5.7%
d.11.42%

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