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Question
Tony's Pizzeria plans to issue bonds with a par value of $1,000 and 10 years to maturity. These bonds will pay $45 interest every 6 months. Current market conditions are such that the bonds will be sold at net $937.79. What is the yield to maturity (YTM) of the issue as a broker would quote it to an investor?
a. 11%
b. 10%
c. 9%
d. 8%
e. 7%
Answer
This answer is hidden. It contains 1 characters.
Related questions
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