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a A bond has a $1,000 par value, twelve years to maturity, and pays a coupon of 4.75% per year, semiannually. If the bond's price

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a A bond has a $1,000 par value, twelve years to maturity, and pays a coupon of 4.75% per year, semiannually. If the bond's price is $1,057.38, what is its annual yield to maturity? A) 3.89% OB) 3.79% C) 4,06% OD) 3.93% E) 4.14%

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