Multiple Choice
Shawna Carter wants to invest her recent bonus in a four-year bond that pays a coupon of 11 percent semiannually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what would be her yield? (Round to the closest answer.)
A) 11.5%
B) 11.8%
C) 12.5%
D) 12.2%
Correct Answer:
Verified
Correct Answer:
Verified
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