Multiple Choice
Gabriel Corporation has outstanding $1,000, 8% semi-annual coupon bonds. The bonds have fourteen years remaining to maturity. If the current price for these bonds is $1,118.74, what is the annualized yield to maturity?
A) 6.68%
B) 5.67%
C) 6.12%
D) 6.00%
E) 5.85%
Correct Answer:
Verified
Correct Answer:
Verified
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