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Consider a 12%,15 Year Bond That Pays Interest Semiannually,and Its

Question 87

Multiple Choice

Consider a 12%,15 year bond that pays interest semiannually,and its current price is $675.What is the promised yield to maturity?

A) 10.23%
B) 18.45%
C) 17.77%
D) 2.31%
E) 9.26%

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