Alphabet Inc. has a 7 percent coupon bond outstanding that matures in 13.5 years. The...
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Alphabet Inc. has a 7 percent coupon bond outstanding that matures in 13.5 years. The bond makes semiannual coupon payments. The par value of the bond is $1000, and it is currently selling on the market for $622.75. What is the bonds yield-to-maturity?
Multiple Choice 7.00% 6.50% 13.00% 14.00% 7.39%
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