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Solow Corp. has a bond with annual interest payments of $180 maturing in 12 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 $180 maturing in 12 years at a value of $1,000 per bond. The current market price is $950. What will the nominal yield be? Multiple Choice O 18% 22% O O O 21% 20% O

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