# Financial Management

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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2. 👎
3. 👁
1. 8.10

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2. 👎

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