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Rickos Rickos
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6 years ago
What is the expected rate of return on a bond that matures in seven years, has a par value of $1,000, a coupon rate of 14%, and is currently selling for $911?  Assume annual coupon payments.
A) 7.81%
B) 15.36%
C) 15.61%
D) 16.22%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Rickos Author
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#2
6 years ago
I want to thank you for being so helpful
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