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July 2, 2015

Homework Help: Financial Management

Posted by Sandra on Wednesday, April 21, 2010 at 3:14pm.

A 10 year bond pays 11% interest on a $1000 face value annually. If it currently sells for $1,195, What is its approximate yield to maturity?
a)9.33%
b)7.94%
c)12.66%
d)8.10%

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