Solow Corp

question 23

Multiple Choice

Solow Corp. has a bond with annual interest payments of $109 maturing in 10 years at a value of $1,000 per bond. The current market price is $960. What will the nominal yield be?

• A)9.1%
• B)12.5%
• C)11.5%
• D)10.9%

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Definitions:

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