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Consider corporate bonds with PMT: a coupon rate of 9% that pay interest annually (the nature of these interest payments determines the compounding frequency of

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Consider corporate bonds with PMT: a coupon rate of 9% that pay interest annually (the nature of these interest payments determines the compounding frequency of the bond- in this case it is annual compounding). N: 4 years to maturity (maturity means the bond contract is over) FV: a par value of $1,000 (this is what the bond is worth at maturity). PV: the market price of the bond is $984 - what the bond is worth in the market Find the yield tto maturity for these bonds (solve for I/Y) O 9% O 9.499% O 8.506% O 10.77%

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