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  3. . a 10-year bond pays 11% interest on a $1,000 fac

. A 10-year bond pays 11% interest on a $1,000 face value annually. If it...

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Finance

. A 10-year bond pays 11% interest on a $1,000 face value annually. If it currently sells for $1,195, what is its approximate yield to maturity?

A. 8.33% B. 12.95% C. 11.00% D. 8.08

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