The YTM of a 3-Year Default-Free Security with a Face

question 99

Multiple Choice

The YTM of a 3-year default-free security with a face value of $1,000 and an annual coupon rate of 6% is closest to:

• A) 5.3%
• B) 5.8%
• C) 5.5%
• D) 5.2%