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If an American Water Company bond has a coupon rate of 9% and is selling for $890, then the yield to maturity (market interest rate)
If an American Water Company bond has a coupon rate of 9% and is selling for $890, then the yield to maturity (market interest rate) must be ____ .
| greater than 9% |
| equal to 9% |
| less than 9% |
| cannot be determined |
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
