Multiple Choice
What is the yield to maturity of a bond with 10 years to maturity and a coupon of 15%? The current price of this bond is $1,109. Assume interest is paid annually.
A) 12.0%
B) 12.5%
C) 13.0%
D) 13.5%
Correct Answer:
Verified
Correct Answer:
Verified
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