[Solved] A $3600, 6.2% bond with semi-annual coupo

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A $3600, 6.2% bond with semi-annual coupons redeemable at par in 3 years was purchased at 102.1. What is the approximate yield rate? Select one:

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A $3600, 6.2% bond with semi-annual coupons redeemable at par in 3 years was purchased at 102.1. What is the approximate yield rate? Select one: O a. 5.4429% b. 40.6687% C. 2.7214% d. 81.3374%

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