Bonds issued by the Sterling Corp. have a face value of $100, mature in 10...
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Bonds issued by the Sterling Corp. have a face value of $100, mature in 10 years, and pay an annual coupon of 10%. These bonds are selling for $97 each. The yield to maturity on these bonds must be: c. Equal to 10% a. Greater than 10% d. Equal to exactly 9.70% b. Less than 10%
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