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  • 25-02-2024
  • Business
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A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in nine years, and is selling today at a $66 discount from par value. The yield to maturity on this bond is

a) 12.32%
b) 11.25%
c) 10.15%
d) 9.00%

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