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Ollivanders has a bond that is currently selling at 95% of its face value ($1,000). The issue matures in 20 years and pays a semi-annual
Ollivanders has a bond that is currently selling at 95% of its face value ($1,000). The issue matures in 20 years and pays a semi-annual coupon of 7% of its face value. What is the yield to maturity for the bond? Select one: A. 6.65% B. 7.49% C. 3.74% D. 7.00% E. 9.41%
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