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Question
A bond has a face value of $1,000 and five years to maturity. This bond has a coupon rate of 13 percent and is selling in the market today for $902. Coupon payments are made annually on this bond. What is the yield to maturity (YTM) for this bond?A) 13.25%
B) 12.75%
C) 16.00%
D) 11.45%
Answer
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Related questions
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