Yield to Maturity: John Wong Purchased a Five-Year Bond Today

question 49

Multiple Choice

Yield to maturity: John Wong purchased a five-year bond today at $1,034.66. The bond pays 6.5 percent semiannually. What will be his yield to maturity?

• A) 6.7%
• B) 6.2%
• C) 5.9%
• D) 5.7%

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