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Solow Corp. has a bond with annual interest payments of $280 maturing in 18 years at a value of $1,000 per bond. The current market

Solow Corp. has a bond with annual interest payments of $280 maturing in 18 years at a value of $1,000 per bond. The current market price is $900. What will the nominal yield be? Group of answer choices 30% 31% 32% 28%

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