What Is the Yield to Maturity of a Bond with the Following

question 25

Multiple Choice

What is the yield to maturity of a bond with the following characteristics? Coupon rate is 8% with semi-annual payments, current price is $960, three years until maturity.

• A)4.78%
• B)5.48%
• C)9.57%
• D)12.17% Using the BAII Plus calculator:

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