Multiple Choice
What is the yield-to-maturity of an Acme bond selling for $1,107.50 with 5 years to maturity, a 12 1/2% coupon, and semiannual compounding?
A) 10.36%
B) 11.29%
C) 9.74%
D) 10.20%
Correct Answer:
Verified
Correct Answer:
Verified
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