Determine the nominal yield of the bond

Reference no: EM1364083

A bond with a $114 yearly coupon, maturing in ten years at a value of $1000 has a current market price of $920. Determine the nominal yield of the bond?

A)9.5%
B)12.4%
C)11.4%
D)none of the above

Reference no: EM1364083

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