A 1000 face value bond with a 20 year maturity makes a


A $1,000 face value bond with a 20 year maturity makes a coupon payment of 10% every year and its on the market for its face value.

What is its yield to maturity?

a. 20%

b. 10%

c. 6%

d. 12%

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Macroeconomics: A 1000 face value bond with a 20 year maturity makes a
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