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Solow Corp. has a bond with annual interest payments of $290 maturing in 13 years at a value of $1,000 per bond. The current market

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Solow Corp. has a bond with annual interest payments of $290 maturing in 13 years at a value of $1,000 per bond. The current market price is $900. What will the nominal yield be? Multiple Choice O 31% O O 29% O 33% O 32%

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