Question
Upper Darby Metals has a bond with an 11% coupon that pays interest semiannually. The par value is $1,000 and the current market price is
Upper Darby Metals has a bond with an 11% coupon that pays interest semiannually. The par value is $1,000 and the current market price is $1,459.51. The bond matures in 18 years. What is the annual yield to maturity?
.
.
| A. | 5.75 percent | |
| B. | 6.23 percent | |
| C. | 6.41 percent | |
| D. | 6.60 percent | |
| E. | 6.69 percent |
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