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Posted on Jul 14, 2024

XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.

Consider a 12%, 15 year bond that pays interest semiannually, and its current price is $675. What is the promised yield to maturity?

		10.23%
		18.45%
		17.77%
		2.31%
		9.26%

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