Huan Zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. What is the yield to maturity on this bond?
A) 7.6%
B) 8.6%
C) 9.6%
D) 10.6%
Ans: C) 9.6%
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Which of the following gives the five steps in collective bargaining in the correct order?
A) preparing > meeting and negotiating > reaching an agreement > voting and ratification by union members > signing of contract B) preparing > meeting and negotiating > reaching an agreement > signing of contract > voting and ratification by union members C) meeting and negotiating > reaching an agreement > preparing > signing of contract > voting and ratification by union members D) meeting and negotiating > reaching an agreement > voting and ratification by union members > preparing > signing of contract E) voting and ratification by union members > reaching an agreement > preparing > meeting and negotiating > signing of contract