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86) A $15000,4.4% bond with semi-annual coupons redeemable at par on April 25, 2025, was purchased on June 25,2016 , at 93.725 . What was

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86) A $15000,4.4% bond with semi-annual coupons redeemable at par on April 25, 2025, was purchased on June 25,2016 , at 93.725 . What was the approximate yield rate? A) 2.63% B) 5.26% C) 2.55% D) 5.10% E) 4.54% Answer: Diff: 2 Type: MC Page Ref: 627629 Topic 15.4 Finding the Yield Rate Objective: 154 : Calculate the yield rate for bonds bought on the market by the method of averages

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