what is its approximate yield to maturity?
A 10-year bond pays 12 interest on a $1000 face value annually. If it currently sells for $1,190, what is its approximate yield to maturity? (Do not round intermediate calculations.)
10.57
9.07
10.07
8.57
A 10-year bond pays 12 interest on a $1000 face value annually. If it currently sells for $1,190, what is its approximate yield to maturity?
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