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  • 15-02-2024
  • Business
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Suppose you buy a 30-year, 6% bond for $980. It has a face value of $1,000. What is the yield to maturity for this bond? State your answer as an annual percentage rate.

A) 5.5%
B) 6.2%
C) 6.5%
D) 7.0%

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