Business, 13.08.2020 20:01 arijade1391

The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon quarterly. The current bond price is $900. What is the bond’s annual yield? A. 14.28% B. None of the answers is correct C. 13.60% D. 12.85%

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The bond has a 12% annual coupon rate, a $1,000 par value, it matures in 15 years and pays coupon qu...