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If you purchase a $1000 par value bond for $946 that has a 4 5/8% coupon rate and 18 years until maturity, what will be
If you purchase a $1000 par value bond for $946 that has a 4 5/8% coupon rate and 18 years until maturity, what will be your AYTM?
a. 4.2%
b. 4.6%
c. 4.8%
d. 5.11%
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
