Multiple Choice
A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon rate with interest paid semi-annually. The bond's Annual yield-to-maturity is closest to:
A) 2.09%.
B) 4.18%.
C) 4.50%.
Correct Answer:
Verified
Correct Answer:
Verified
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