Multiple Choice
Dave Harris has just purchased a bond with a face value of $1,000 that pays 4 percent.The purchase price of the bond was $950,and the bond will mature in 5 years.What is the yield to maturity for this bond (round to the nearest tenth of a percent) ?
A) 4.0 percent
B) 6.0 percent
C) 5.1 percent
D) 8.2 percent
E) 9.0 percent
Correct Answer:
Verified
Correct Answer:
Verified
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