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Consider some bonds with one annual coupon payment of 8.00%. The bonds have a par value of $1,000, a current price of $1,020, and they
Consider some bonds with one annual coupon payment of 8.00%. The bonds have a par value of $1,000, a current price of $1,020, and they will mature in 15 years. What is the yield to maturity on these bonds?
A. | 6.95% | |
B. | 8.00% | |
C. | 7.84% | |
D. | 7.77% |
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