A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in nine years, and is selling today at a $66 discount from par value.The yield to maturity on this bond is
A) 9.00%.
B) 10.15%.
C) 11.25%.
D) 12.32%.
E) None of the options
Correct Answer:
Verified
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