Multiple Choice
Jenny LePlaz is looking to invest in a five-year bond that pays annual coupons of 6.25 percent and currently sells at $912.34. What is the current market yield on such bonds? (Round to the closest answer.)
A) 9.5%
B) 8.5%
C) 6.5%
D) 7.5%
Correct Answer:
Verified
Correct Answer:
Verified
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