Question: - Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The current price is $928.09.

- Consider a bond with a 10% annual coupon rate, 15 years to maturity, and a par value of $1,000. The current price is $928.09. - Will the yield be more or less than 10% ? - N=15;PV=928.09;FV=1,000;PMT=100 " CPTI/Y=11%

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