Multiple Choice
Scott Turner has a bond with 10 years to maturity,a face value of $1,000,annual interest of $60,and a market price of $600.What is the yield-to-maturity on this bond?
A) 6.0 percent
B) 10.0 percent
C) 11.0 percent
D) 11.5 percent
E) 12.5 percent
Correct Answer:
Verified
Correct Answer:
Verified
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