Question: Q30 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose you're evaluating a bond with an 8% coupon rate, and it pays coupons annually.

Q30 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!!

Q30 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Suppose you're

Suppose you're evaluating a bond with an 8% coupon rate, and it pays coupons annually. The bond is currently trading at 96% of par value. If you were trying to find the yield to maturity by doing trial and error, which of the following interest rates would be the best initial guess? A. 8% B. 4% C. 96% D. 7% E. 9% F. All of these are equally good guesses to begin trial and error

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