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Jordans Gems has a twelve year bond paying semi-annual coupons of $11 each. The current market price is $1,016.24, and this bond has a $1,000

Jordans Gems has a twelve year bond paying semi-annual coupons of $11 each. The current market price is $1,016.24, and this bond has a $1,000 face value. What is its yield to maturity?

Points: 1

  1. 1.02 percent

  2. 2.05 percent

  3. 2.13 percent

  4. 4.25 percent

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