AaronJo7994 AaronJo7994

15-04-2024
Business

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The market price of a bond is $825.60, it has 15 years to maturity, a $1000 face value, and pays an annual coupon of $80. What is the yield to maturity?
a) 10%
b) 9%
c) 11%
d) 8%

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