Consider a 10%,15 Year Bond That Pays Interest Annually Quarterly,and

question 53

Multiple Choice

Consider a 10%,15 year bond that pays interest annually quarterly,and its current price is $1060.What is the promised yield to maturity?

• A) 10.23%
• B) 18.45%
• C) 2.31%
• D) 17.77%
• E) 9.26%

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