A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in five years, and is selling today at a $72 discount from par value.The yield to maturity on this bond is
A) 6.00%.
B) 8.33%.
C) 12.00%.
D) 60.00%.
Correct Answer:
Verified
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A)are called when interest rates decline
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