A bond with 2 years to maturity is priced today at 90120, Ask an Expert

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A bond with 2 years to maturity is priced today at $901.20. The bond's coupon payment is $80, and its par value is $1000. Which of the following comes closest to the bond's yield to maturity?

Place your answer in percentage form without the percentage sign. For example, an answer of four point four four percent should be entered 4.44 and not .044.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262604

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