Scott Turner Has a Bond with 10 Years to Maturity

question 41

Multiple Choice

Scott Turner has a bond with 10 years to maturity, a face value of $1,000, an 8% interest rate, and a market price of $800. What is the yield-to-maturity on this bond?

• A) 4.00 percent
• B) 6.67 percent
• C) 8.00 percent
• D) 10.00 percent
• E) 11.11 percent

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The thin layer of skin at the base of the fingernails and toenails.

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