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A $1,000 Face Value Bond Matures in 11 Years,pays Interest

Question 100

Multiple Choice

A $1,000 face value bond matures in 11 years,pays interest semiannually,and has a 6.5 percent coupon.The bond currently sells for $1,025.What is the yield to maturity?


A) 6.17 percent
B) 6.18 percent
C) 6.28 percent
D) 6.34 percent
E) 6.37 percent

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