A $1,000 Semiannual Coupon Bond Matures in 13 Years, Has

question 74

Multiple Choice

A $1,000 semiannual coupon bond matures in 13 years, has a coupon rate of 7.5 percent, and a market price of $982. What is the yield to maturity?

• A) 3.86 percent
• B) 4.01 percent
• C) 4.08 percent
• D) 7.69 percent
• E) 7.72 percent

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