Multiple Choice
Assume you're contemplating the purchase of a $1,000,5% annual coupon income bond with 10 years remaining to maturity and that the bond currently is trading at $925.The approximate yield to maturity on this bond will be
A) 5.0%.
B) 5.5%.
C) 6.0%.
D) 12.3%.
E) 15.0%.
Correct Answer:
Verified
Correct Answer:
Verified
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