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QUESTION
Consider a one-year bond that promises a coupon rate of 10% and has a principal (par value) of $1,000. Further assume the bond is currently trading
Consider a one-year bond that promises a coupon rate of 10% and has a principal (par value) of $1,000. Further assume the bond is currently trading for $800. What is the yield to maturity?
37.5
27.5%
31.3%
12.7
