If the Price of a Two-Year Semi-Annual Pay Bond Is

question 25

Multiple Choice

If the price of a two-year semi-annual pay bond is par (say, $100) , and the coupon on the bond is 6%, the yield-to-maturity expressed with semi-annual compounding is

• A) 5.87%
• B) 5.96%
• C) 6.00%
• D) 6.12%

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The legal responsibilities and obligations bankers have in their professional conduct towards customers and the public.

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