What Is the Yield to Maturity of a TVA Bond

question 17

Multiple Choice

What is the yield to maturity of a TVA bond that has a 9 1/2 percent coupon, pays interest semiannually, has 12 years to maturity, and sells for $871.50?

• A) 11.3%
• B) 11.5%
• C) 11.8%
• D) 12.1%

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