Multiple Choice
A six-year annual payment corporate bond has a required return of 9.5 percent and an 8 percent coupon. Its market value is $20 over its PV. What is the bond's E(r) ?
A) 8.00 percent
B) 10.21 percent
C) 9.98 percent
D) 9.03 percent
E) 3.53 percent
Correct Answer:
Verified
Correct Answer:
Verified
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