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Check Solow Corp. has a bond with annual interest payments of $240 maturing in 15 years at a value of $1000 per bond. The current

Check Solow Corp. has a bond with annual interest payments of $240 maturing in 15 years at a value of $1000 per bond. The current market price is $860. What will the nominal yield be? Multiple Choice 26% 27% O O 285 o 24%

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