What Is the Approximate Yield to Maturity for a Five-Year

question 70

Multiple Choice

What is the approximate yield to maturity for a five-year bond that pays 4% interest on a $1000 face value annually if the bond sells for $952?

• A) 5.4%
• B) 4.3%
• C) 6.5%
• D) 5.1%

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