MVSU Corporation's bonds make an annual coupon interest payment of 6.65% every year. The bonds...
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Accounting
- MVSU Corporation's bonds make an annual coupon interest payment of 6.65% every year. The bonds have a par value of $1,000, a current price of $860, and mature in 7 years. What is the yield to maturity on these bonds?
a. 7.91%
b. 9.48%
c. 7.73%
d. 9.85%
e. 10.23%
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