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Question
An 8.5 percent coupon bond pays interest semiannually and has 10.5 years to maturity. The bond has a face value of $1,000 and a market value of $878.50. What is the yield to maturity?A. 5.16 percent
B. 8.37 percent
C. 8.78 percent
D. 10.43 percent
E. 11.21 percent
Answer
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