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Question
A $1000 bond with a coupon rate of 7% matures in eight years. The bond is now selling for $950, what is the expected yield to maturity on the bond?a. 6.5%
b. 7.9%
c. 9.0%
d. 8.3%
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
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c. The 9/11 Act
d. The U.S. Treasury Department Act
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