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%

- Financial Management -
**Suzie**, Wednesday, June 23, 2010 at 7:47pm
8.10

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