A 5-year bond with 10% coupon rate and $1000 face value is selling for $1123. Calculate the yield to maturity on the bond assuming annual interest payments.
A) 10.0%
B) 8.9%
C) 7.0%
D) None of the above

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The Answer of A 5-year bond with 10% coupon rate and $1000 face value is selling for $1123. Calculate the yield to maturity on the bond assuming annual interest payments.
A) 10.0%
B) 8.9%
C) 7.0%
D) None of the above

A 5-Year Bond with 10% Coupon Rate and $1000 Face