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Consider a 15%,20 Year Bond That Pays Interest Annually,and Its

Question 106

Multiple Choice

Consider a 15%,20 year bond that pays interest annually,and its current price is $850.What is the promised yield to maturity?

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

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