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A corporate bond has a face value of $1,000, and pays a $50 coupon every six months The bond matures in 12 years and sells at a price of $1,080. What is the bond's nominal yield to maturity?
a. 4.45%
b. 4.14%
c. 8.90%
d. 8.28%
e. 10.78%
Accounting Basics, Accounting
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