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What is the yield to maturity of a five-year, $5000 face value bond with a 4.5% coupon rate and semiannual coupons if this bond is
What is the yield to maturity of a five-year, $5000 face value bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4876? Please show work.
| A. | 6.30% |
| B. | 5.07% |
| C. | 8.60% |
| D. | 4.30% |
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
