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On January 1, 2024 you buy a 30-year Treasury bond for $930 with exactly 30 years until maturity. This $1000 par value bond has a

On January 1, 2024 you buy a 30-year Treasury bond for $930 with exactly 30 years until maturity. This $1000 par value bond has a coupon rate of 5% and makes semiannual coupon payments. What is the current yield on this bond?

a. 2.74%

b. 5.38%

c. 6.54%

d. 5.47%

e. 3.32%

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