Multiple Choice
Yield to maturity: Jane Almeda is interested in a 10-year bond issued by Roberts Corp. that pays a coupon of 10 percent annually. The current price of this bond is $1,174.45. What is the yield that Jane would earn by buying it at this price and holding it to maturity? (Round to the closest answer.)
A) 7%
B) 7.5%
C) 8%
D) 8.5%
Correct Answer:
Verified
Correct Answer:
Verified
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