A $1,000 Face Value Bond Matures in 9 Years, Pays

question 49

Multiple Choice

A $1,000 face value bond matures in 9 years, pays interest semiannually, and has a 6.5 percent coupon. The bond currently sells for $1,015. What is the yield to maturity?

• A) 6.17 percent
• B) 6.22 percent
• C) 6.28 percent
• D) 6.34 percent
• E) 6.37 percent

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