Devin Is, a Private Investor, Purchases $1,000 Par Value Bonds

question 75

Multiple Choice

Devin is, a private investor, purchases $1,000 par value bonds with a 12 percent coupon rate and a 9 percent yield to maturity. Devin will hold the bonds until maturity. Thus, he will earn a return of ____ percent.

• A)12
• B)9
• C)10.5
• D)more information is needed to answer this question

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