What is the nominal yield of the bond

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Reference no: EM13813370

Allais Company s bond has an $85 annual interest payment that will mature in 10 years at a value of $1,000. The bond has a current market price of $1,140. What is the nominal yield of the bond?

7.5%

12.4%

8.5%

10%

Reference no: EM13813370

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