Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: ghost! on Nov 11, 2019
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Jan buys a $1000 10 percent semi-annual coupon bond for a price of $1094 and holds it to maturity in six years. What is the bond's yield to maturity?
◦ 10 percent
◦ 9.0 percent
◦ 8.0 percent
◦ 8.6 percent
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8.0 percent
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Thank you!