Kensterrr293 Kensterrr293

13-02-2024
Business

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Burns Power $1000 face value bond with a 5% coupon rate paid annually with 12 years left to maturity sells for $890. What is this bond's yield to maturity?
a) 5.64%
b) 6.01%
c) 6.25%
d) 6.42%

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