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Sandeep Singh purchased Alltech's 20-year, 5.75% bonds at a par 7 years ago. He notes the price has changed to 102.90 and he calculates the
Sandeep Singh purchased Alltech's 20-year, 5.75% bonds at a par 7 years ago. He notes the price has changed to 102.90 and he calculates the change is yield as:
| A. | 0.31% | |
| B. | 3.03%. | |
| C. | 0.24%. |
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
