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QUESTION 1 The bonds issued by Jensen & Son bear a 6 percent coupon, payable semiannually. The bond matures in 8 years and has a

QUESTION 1

The bonds issued by Jensen & Son bear a 6 percent coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?

A. 5.87 percent

B. 5.97 percent

C. 6.00 percent

D. 6.09 percent

E. 6.17 percent

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