A 1000000 bond with a 8 coupon rate has 7 years to maturity
A $1,000,000 bond with a 8% coupon rate has 7 years to maturity, it is selling for $835,750. Calculate the bond's yield to maturity (solve for the bond's interest or require rate.)
a. 6.13%
b. 9.30%
c. 10.29%
d. 11.55%
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the current yield and the yield to maturitya are equal for consolsb are equal for all bondsc are equal if the market
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