Question: Devin is , a private imvestor, purchases $ 1 , 0 0 0 par value bonds with a 1 2 percent coupon rate and a

Devin is, a private imvestor, purchases $1,000 par value bonds with a 12 percent coupon rate and a 8.25 percerit yield to maturity. Devin will hold the bonds until maturity. Thus, he will earn a return of q, percent.
12
9
10.5
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Devin is , a private imvestor, purchases $ 1 , 0

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