A bond has a coupon of 12 percent, and is currently selling for $800, had an original
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Question:
A bond has a coupon of 12 percent, and is currently selling for $800, had an original maturity of 15 years is due to mature in 12 years. The return on the bond, viz. its yield to maturity (YTM) is:
a.21.76%
b.15.82%
c.15.13%
d.15.50%
Posted Date: