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The bonds issued by Stainless Tubs bear a 6 per cent coupon, payable semi-annually. The bonds mature in 11 years and have a Skr10,000 face
The bonds issued by Stainless Tubs bear a 6 per cent coupon, payable semi-annually. The bonds mature in 11 years and have a Skr10,000 face value. Currently, the bonds sell for Skr9,890. What is the yield to maturity?
Multiple Choice
a)6.20 per cent
b)5.92 per cent
c)6.08 per cent
d)5.87 per cent
e)6.14 per cent
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