Multiple Choice
A coupon bond that pays interest semi-annually is selling at par value of $1,000,matures in 7 years,and has a coupon rate of 8.6%.The yield to maturity on this bond is:
A) 8.0%
B) 8.6%
C) 9.0%
D) 10.0%
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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