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Business, 16.04.2020 23:14 theresaeleanor

Eastern Corporation has $1,000 par value bonds with 4 years to maturity. The bonds pay an 8% coupon rate with semi-annual coupon interest payments. The bond's closing price is quoted at 101.25. Suppose you purchase the bond for the closing price. What is the bond's yield to maturity? Group of answer choices 7.63% 10.95% 7.78% 15.57% 3.82%

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Eastern Corporation has $1,000 par value bonds with 4 years to maturity. The bonds pay an 8% coupon...
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