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What is the yield to maturity of a 9.1 %9.1% semiannual coupon bond with a face value of $1,000 selling for $ 884.36$884.36 that matures
What is the yield to maturity of a
9.1 %9.1%
semiannual coupon bond with a face value of $1,000 selling for
$ 884.36$884.36
that matures in
99
years?
The annual yield to maturity of the bond is: (Select the best choice below.)
A.
12.957%
B.
11.17%
C.
9.718%
D.
11.84%
E.
12.399%
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