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Solow Corp. has a bond with annual interest payments of $270 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 $270 maturing in 11 years at a value of $1,000 per bond. The current market price Is $880. What will the nominal yield be? 29% 31% 30%

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