Question: You have a 1 0 - year bond, with $ 1 , 0 0 0 face value, 8 . 0 0 % coupon rate, and
You have a year bond, with $ face value, coupon rate, and quarterly coupon payments. It is currently trading at a price of $ Which of the options below corresponds to this bond's yield to maturity in APR
Hint: You can solve this by trial and error using the bond pricing formula and entering the possible interest rates per period derived from the options provided below Note that the answers below are APR
APR
APR
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