A corporate bond pays semi annual coupon at rate of 9%, a face value of...
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Accounting
A corporate bond pays semi annual coupon at rate of 9%, a face value of $1,000, a market price of $850, and the bond matures in 15 years. Therefore, the bond's yield to maturity is
| a. | 11.07%. | |
| b. | 9%. | |
| c. | 11.1%. | |
| d. | 5.54%. |
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