A Bond Currently Sells for $924

question 88

Multiple Choice

A bond currently sells for $924.58,matures in 11 years,pays $27.50 every 6 months in interest,and has a face value of $1,000.What is the yield to maturity?

• A)6.47%
• B)5.98%
• C)5.01%
• D)3.23%
• E)4.07%

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