abrandon6199 abrandon6199
  • 17-04-2024
  • Business
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What is the yield to maturity of a bond with 10 years to maturity and a coupon of 15%? The current price of this bond is $1,109. Assume interest is paid annually.
a) 12.50%
b) 13.50%
c) 14.50%
d) 15.50%

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