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Consider a coupon bond that has a $1,000 face value and a coupon rate of 10%. Suppose the bond is currently selling for $1,044.89 and
Consider a coupon bond that has a $1,000 face value and a coupon rate of 10%. Suppose the bond is currently selling for $1,044.89 and has two years to maturity. What is the bond's YTM?
| A) | 7.50% |
| B) | 12.12% |
| C) | 7.98% |
| D) | 10% |
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Research In Finance Volume 24
Authors: Andrew H. Chen
1st Edition
0762313773, 978-0762313778
