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Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 6 1/8% coupon rate, 15 year maturity bond which is currently selling

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Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 6 1/8% coupon rate, 15 year maturity bond which is currently selling for $1060. If Jay purchases the bond, what would his approximate yield-to-maturity be? 5.5396 5.7796 O 6.0196 6.2596

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