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If a 10-year, $1,000 par bond with a 7% annual coupon trades at a price of $875.50, what is its yield to maturity? A. 6.14%
If a 10-year, $1,000 par bond with a 7% annual coupon trades at a price of $875.50, what is its yield to maturity?
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A. 6.14%
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B. 7.98%
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C. 8.91%
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D. 8.93%
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
