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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You own a bond that pays $64 in interest annually. the face value is $1,000 and the current market price is $1,021.61. The bond matures in 11 years. What is the yield to maturity?
A. 6.12%
B. 6.22%
C. 6.46%
D. 6.71%
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