kcarr7505 kcarr7505
  • 21-04-2024
  • Business
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Vickie just bought a 5.5% annual coupon bond that will mature in 15 years for $980. Assume the par value is $1,000. What is the yield-to-maturity of this bond?
a) 6%
b) 5.5%
c) 5%
d) 4.5%

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