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The quoted ask yield on a 30-year $1,000 par T-Bond with a 6.25 percent semiannual payment coupon and a price quote of 106-16 is _____

The quoted ask yield on a 30-year $1,000 par T-Bond with a 6.25 percent semiannual payment coupon and a price quote of 106-16 is _____ (use semi-annual compounding).

A. 5.87%

B. 2.90%

C. 2.94%

D. 5.79%

E. 4.95%

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