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A firm offers 1 2 - year coupon bonds with semiannual payments. The yield to maturity is 6 . 2 3 percent, and the bonds

A firm offers 12-year coupon bonds with semiannual payments. The yield to maturity is 6.23 percent, and the bonds sell at 101 percent of par. What is the coupon rate?
A)3.09%
B)3.18%
C)3.31%
D)6.35%
E)6.61%
A 15-year $1,000 par value bond has a market price of $1,065.10. The bond has six years until maturity and a coupon rate of 6%. Coupons are paid semiannually. What is the bond's yield to maturity?
A)2.37%
B)2.38%
C)4.74%
D)4.76%
E)4.16%
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