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Hi, I need help with my Managerial Finance assignment please. . . Solow Corp. has a bond with annual interest payments of $100 maturing in

Hi, I need help with my Managerial Finance assignment please. . .

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Solow Corp. has a bond with annual interest payments of $100 maturing in 14 years at a value of $1,000 per bond. The current market price is $870. What will the nominal yield be? 14% 13% 10% 12%

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