What Is the Approximate Yield to Maturity for a $1,000

question 131

Multiple Choice

What is the approximate yield to maturity for a $1,000 par value bond selling for $1,120 that matures in 6 years and pays 12 percent interest annually?

• A) 8.5 percent
• B) 9.3 percent
• C) 12.0 percent
• D) 13.2 percent

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