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Question
What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments.A) 4.2%
B) 4.7%
C) 6.0%
D) 5.3%
Answer
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Related questions
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