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URGENT DUE LESS THAN AN HOUR What is the yield to maturity of a Nine-year,...

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Finance

URGENT DUE LESS THAN AN HOUR

What is the yield to maturity of a Nine-year, $10,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $8,450?

A.8.2%

B.3.42%

C. 6.84%

D. 9.57%

Answer & Explanation Solved by verified expert
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