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QUESTION
Allais Company's bond has a $114 annual coupon, maturing in 10 years at a value of $1,000 has a current market price of $1140. What is the nominal
Allais Company's bond has a $114 annual coupon, maturing in 10 years at a value of $1,000 has a current market price of $1140. What is the nominal yield of the bond?
