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Bond

/in /by

Question

A 10-year, 5% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,050,

what is the annualized yield on the bond?

A) 2.4%

B) 6.3%

C) 4.4%

D) 5.5%

E) 18.0%

 
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