Question: A $1,000 par value 14-year bond with a 10 percent coupon rate recently sold for $965. The yield to maturity is A. 10.49%. B. 10.00%.

A $1,000 par value 14-year bond with a 10 percent coupon rate recently sold for $965. The yield to maturity is
  • A. 10.49%.
  • B. 10.00%.
  • C. 8.87%.
  • D. 6.50%.

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