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You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.50%. What is its yield to maturity? The bond has 5 years to maturity.
Current Yield = (annual payment / price). (hint: solve for price to answer the question).
|
O |
14.79% |
|
O |
15.30% |
|
O |
14.60% |
|
O |
15.92% |
|
O |
13.40% |
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