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The bonds issued by Jensen & Son bear a 9% coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value.
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The bonds issued by Jensen & Son bear a 9% coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?
8.87%
5.97%
6.00%
9.00%
9.09%
The bonds issued by Jensen & Son bear a 9% coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?
8.87% | ||
5.97% | ||
6.00% | ||
9.00% | ||
9.09% |
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