Question

A coupon bond pays annual interest, has a par value of
Rs. 1,000, matures in 12 years, has a coupon rate of 11%,
and has a yield to maturity of 12%. The current yield on this
bond is
10.39%
10.89%
11.38%
11.73%​

Answer 1

Answer:

11.38%

Explanation:

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