MisterTwister96511 MisterTwister96511
  • 27-02-2024
  • Business
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A ten-year bond pays 7% interest on a $1000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity?
A. 9.33%
B. 3.46%
C. 5.34%
D. 4.52%

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