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A 10-year, $1,000 face value semi-annual bond with a 12% annual coupon rate is currently trading at $1,124.62. what is the bond's effective annual yield?
A 10-year, $1,000 face value semi-annual bond with a 12% annual coupon rate is currently trading at $1,124.62. what is the bond's effective annual yield?
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| a) | 8% |
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| b) | 8.16% |
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| c) | 10.25% |
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| d) | 8.16% |
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