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The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 20 years and pays coupon quarterly. The current bond price
The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 20 years and pays coupon quarterly. The current bond price is $800. What is the bonds annual yield?
| A. | 15.20% | |
| B. | 18.26% | |
| C. | 14.28% | |
| D. | 20.56% |
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
