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XYZ Corp sells a 10-year bond with a face value of $1,000 and a coupon...

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Question

Accounting

XYZ Corp sells a 10-year bond with a face value of $1,000 and a coupon of $100 every year end at a discount of $20. What is the yield-to-maturity rate for similar bonds? (Round up to two decimals.)

Group of answer choices

10.97%

10%

10.33%

9.74%

Answer & Explanation Solved by verified expert
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