You can buy a bond with 7 years to maturity for $900,000. The bond pays...
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You can buy a bond with 7 years to maturity for $900,000. The bond pays annual coupons with an coupon rate of 7.50% on a face value of $1,000,000.
If you buy the bond, what is your Yield-to-maturity (YTM)?
Group of answer choices
a-11.32%
b-9.52%
c-13.74%
d-7.50%
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