Question: 1 5 . A corporate bond with $ 1 0 0 0 face value and a coupon rate of 7 % matures in eight years.

15. A corporate bond with $1000 face value and a coupon rate of 7% matures in eight years. The bond is now selling for $950, what is the yield to maturity on the bond? A.6.5% B.7.9% C.8.3% D.9.0%

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