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Solow Corp. has a bond with annual interest payments of $140 maturing in 11 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 $140 maturing in 11 years at a value of $1,000 per bond. The current market price is $930. What will the nominal yield be? Multiple Choice 17% O 14% 16% O O 18%

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