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Consider some bonds with one annual coupon payment of 4.50%. The bonds have a par value of $1,000, a current price of $960, and they

Consider some bonds with one annual coupon payment of 4.50%. The bonds have a par value of $1,000, a current price of $960, and they will mature in 15 years. What is the yield to maturity on these bonds?

A.
4.69%

B.
5.35%

C.
4.50%

D.
4.88%

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	A.	4.69%
	B.	5.35%
	C.	4.50%
	D.	4.88%