A $15,000 bond has a coupon rate of 8% and is redeemable in 20 years. What is the yield rate ofthe bond if the bond was purchased for $10,250?O a. 10.05%b.O12.28%O c. 9.99%Od. 11.35%

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Answered: A $15,000 bond has a coupon rate of 8%…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

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A $15,000 bond has a coupon rate of 8% and is redeemable in 20 years. What is the yield rate of the bond if the bond was purchased for $10,250? O a. 10.05% b. 12.28% O c. 9.99% O d. 11.35 %