Use the Following Information to Answer the Question(s)below

question 3

Multiple Choice

Use the following information to answer the question(s) below.
-Consider a five-year,default-free bond with an annual coupon rate of 5% and a face value of $1000.The YTM on this bond is closest to:

• A)3.85%.
• B)4.20%.
• C)4.35%.
• D)4.40%.

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