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You can buy a bond with 7 years to maturity for $900,000. The bond pays...

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Question

Finance

You can buy a bond with 7 years to maturity for $900,000. The bond pays annual coupons with an coupon rate of 7.50% on a face value of $1,000,000.

If you buy the bond, what is your Yield-to-maturity (YTM)?

Group of answer choices

a-11.32%

b-9.52%

c-13.74%

d-7.50%

Answer & Explanation Solved by verified expert
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