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What is the yield to maturity of a $1,000 par value bond that pays 7 percent and matures in 10 years? Assume the price is
What is the yield to maturity of a $1,000 par value bond that pays 7 percent and matures in 10 years? Assume the price is $1,100.
| a. | 8.77% | |
| b. | 5.66% | |
| c. | 10.96% | |
| d. | 6.6% |
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
