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06-06-2024
Business

Answered

Nike issued semi-annual bonds with a coupon rate of 4% The bonds are currently selling for $876.4 and there are 12 years remaining until maturity. Calculate the yield to maturity for Nike's bonds.
a. 4.00%
b. 5.42%
c. 7.64%
d. 5.41%

Answer :

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