Multiple Choice
Generic,Inc.has bonds outstanding that mature in 20 years.The bonds have $1,000 par value,pay interest annually at a rate of 10%,and have a current selling price of $875.25.The yield to maturity on the bonds is:
A) 10%.
B) 8.75%.
C) 11.63%.
D) 7.24%.
Correct Answer:
Verified
Correct Answer:
Verified
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