Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 7/8% coupon rate, 18 year maturity that is currently selling for $1036. If Barry purchases this bond, what would his approximate yield to maturity be?

4.26%

4.57%

4.96%

5.05%

Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 7/8% coupon-rate-18 year maturity that is currently selling for $1036. If Barry purchases this bond, what would his approximate yield to maturity be? 4.26% 4.57% 4.96% 5,05% 04