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Jan buys a$1,100, 3%semi-annual coupon bond for a price of$1,000 and holds it to maturity in six years. What was thebond's yield to maturity if

Jan buys a$1,100, 3%semi-annual coupon bond for a price of$1,000 and holds it to maturity in six years. What was thebond's yield to maturity if rates are compoundedsemi-annually?

A.

1.83%

B.

4.72%

C.

3.58%

D.

0.77%

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