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ABC has 6% coupon bonds that pay interest annually. The bonds mature in 8 years....

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Question

Finance

ABC has 6% coupon bonds that pay interest annually. The bonds mature in 8 years. Interest rates have risen since the bonds were initially issued and the current price of the bonds is $900. Calculate the YTM. Assume a face of $1000.

1.

3.85%
2.

7.70%
3.

7.72%
4.

None of the above

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