Multiple Choice
What is the yield to maturity on a $1,000 par value 93/4% bond purchased for $1,125? Assume the coupon is paid annually and the maturity is 12 years.
A) 8.16%
B) -8.16%
C) 8.08%
D) 7.90%
Correct Answer:
Verified
Correct Answer:
Verified
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