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The Bevis and B-head company just issued bonds with an original maturity of 30 years. The face value of the bonds is $1,000. The bonds

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The Bevis and B-head company just issued bonds with an original maturity of 30 years. The face value of the bonds is $1,000. The bonds have an 11 percent annual coupon. You are considering purchasing one of the bonds at a price of $950. You wish to know the rate of return you will be earning on the bonds. Compute the yield to maturity for this bond. A. 11.60 percent B. 11.00 percent OC. 0.95 percent OD. $1,000 E. $950

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