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Help please The Evergreen Bank has purchased a bond that has a coupon rate of 7.5% and a face value of $1000. It has 11
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The Evergreen Bank has purchased a bond that has a coupon rate of 7.5% and a face value of $1000. It has 11 years to maturity and is selling in the market for $887.52. The bond makes annual coupon payments. What is the yield to maturity on this bond? 7.54% 8.08% 8.62% 9.71% 9.17%Step by Step Solution
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