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Question
What is the approximate yield on a 20-year 10 percent annual coupon LDC bond selling at 25 cents on the dollar? (choose the closest answer)
A. 10 percent.
B. 40 percent.
C. 14 percent.
D. 25 percent.
E. Cannot be determined.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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A. has publicly-traded common stock.
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