Solow Corp. has a bond with annual interest payments of $230 maturing in 18 years...
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Finance
Solow Corp. has a bond with annual interest payments of $230 maturing in 18 years at a value of $1,000 per bond. The current market price is $880. What will the nominal yield be?
a) 26%
b) 23%
c) 27%
d) 25%
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