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Seven years ago, the Goodyear Tire & Rubber Company issued a series of 2 0 - year coupon bonds. These bonds have a coupon rate
Seven years ago, the Goodyear Tire & Rubber Company issued a series of year coupon bonds. These bonds have a coupon rate of paid semiannually, a face value of $ and were originally
issued.at par.
An investor recently purchased of these bonds for a total cost of $ $ per bond What is the implied yieldtomaturity of these bonds based upon this transaction price?
Select the most appropriate answer.
A
B
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D
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