Multiple Choice
A bond currently sells for $924.58,matures in 11 years,pays $27.50 every 6 months in interest,and has a face value of $1,000.What is the yield to maturity?
A) 6.47%
B) 5.98%
C) 5.01%
D) 3.23%
E) 4.07%
Correct Answer:
Verified
Correct Answer:
Verified
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