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A $1000 Bond with a Coupon Rate of 10%,interest Paid

Question 30

Multiple Choice

A $1000 bond with a coupon rate of 10%,interest paid semiannually,matures in eight years and sells for $1122.80.What is its yield to maturity?


A) 10.8%
B) 11.0%
C) 7.9%
D) 7.6%

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