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CAN U PLEASE HELP MEE WITH THIS A corporate bond has a face value of $1,000, and pays a $47 coupon semiannually (that is, the
CAN U PLEASE HELP MEE WITH THIS
A corporate bond has a face value of $1,000, and pays a $47 coupon semiannually (that is, the bond has a 9.4 percent coupon). The bond matures in 8 years and sells at a price of $1,054. What is the bond's nominal yield to maturity?
9.06%
8.46%
8.76%
8.16%
9.36%
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