Business, 30.03.2020 19:24 rosieposie27

A bond will pay $70 of interest at the end of each of the next three years, plus $1,000 at the end of year three. If the present market price is $1,040, its yield-to-maturity is: (a) 5.5%. (b) 4.9%. (c) 6.4%. (d) 6.8%. (e) 7.4%.

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A bond will pay $70 of interest at the end of each of the next three years, plus $1,000 at the end o...

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