Multiple Choice
What is the approximate yield on a 20-year 10 percent annual coupon less developed country (LDC) bond selling at 25 cents on the dollar? (Choose the closest answer)
A) 10 percent.
B) 40 percent.
C) 14 percent.
D) 25 percent.
E) Cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
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