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The bond market requires a return of 5 . 8 percent on the 1 0 - year bonds issued by Apple, Inc. These bonds pay
The bond market requires a return of percent on the year bonds issued by Apple, Inc. These bonds pay annual interest equaling percent of face value. The percent is referred to as the:
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yield to maturity.
face rate.
coupon rate.
current yield.
call rate
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