$9$

Multiple Cholce $10$ points

Par Value $,$$$1\mathrm{.}000$

Time to Maturity $20$ Years

Coupon $10\%($paid annually$)$

Current price $$850$

Yield to Maturtty $12\%$

Given the bond described, if interest were paid semi$-$annually $($rather than annually$),$ and t maturity would be:

Cannot be determined.

$4$

$5$

$6$

more than $12\%.$

$12\%.$

$$ less than $12\%.$

None of the options are correct.

$9$

$10$

$7\%$

Sunny

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