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What is the interest rate of the following bond, assuming that the market for the bond is in equilibrium?

Par value: $1,000

Years to maturity: 15 years

Coupon rate: 8% paid semiannually

Current market price: $1,100

a. 6.21%

b. 4.21%

c. 3.46%

d. 6.92%

e. 5.88%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92430742

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