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What is the yield to maturity of a eight-year, $5,000 bond with a 5.3% coupon rate and semiannual coupons if this bond is currently trading
What is the yield to maturity of a eight-year, $5,000 bond with a 5.3% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,553?
A. 3.38%
B. 9.47%
C. 6.77%
D. 8.12%
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
