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A bond is currently priced at $ 9 0 0 on a par value of $ 1 , 0 0 0 . Its term to

A bond is currently priced at $900 on a par value of $1,000. Its term to maturity is 24 years and
its coupon rate is 3%(stated annually, paid semiannually). If you buy the bond, and hold it to
maturity, what would be the yield to maturity?
a.3.63%
b.1.81%
c.3.79%
d.4.23%
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