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Builtrite bonds have the following: 4 3/4% coupon, 12 years until maturity, $1000 par and are currently selling at $1030. If you purchase this bond,
Builtrite bonds have the following: 4 3/4% coupon, 12 years until maturity, $1000 par and are currently selling at $1030. If you purchase this bond, what would be your AYTM?
| 5.6% | ||
| 4.4% | ||
| 5.1% | ||
| 4.7% |
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
