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quick response please A bond with a par value of $1,000 has annual interest payment of $75. The bond currently sells for $937.5 and has
quick response please
A bond with a par value of $1,000 has annual interest payment of $75. The bond currently sells for $937.5 and has 7 years to maturity. Which of the following is true?
The current yield on the bond must be 8%. | ||
The investors required rate of return must be 7.5%. | ||
The coupon rate must be 8.5%. | ||
The yield-to-maturity must be 8.5%. |
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