Multiple Choice
A corporate bond with a face value of $1,000 matures in 5 years and has a 6% coupon paid at the end of each year.The current price of the bond is $1,105.What is the yield to maturity for this bond?
A) 2.60%
B) 3.66%
C) 3.86%
D) 4.20%
E) 4.95%
Correct Answer:
Verified
Correct Answer:
Verified
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