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solina solina
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6 years ago
What is the yield to maturity of a nine-year bond that pays a coupon rate of 20% per year, has a $1,000 par value, and is currently priced at $1,407?  Assume annual coupon payments.
A) 21.81%
B) 6.14%
C) 12.28%
D) 11.43%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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6 years ago
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solina Author
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6 years ago
Helped a lot
jmendoza
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Yesterday
You make an excellent tutor!
hpascoe
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2 hours ago
Good timing, thanks!
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