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You own a bond that matures in 11 years. Currently, the bond is selling for $1,084.14. The face value is $1000 and the coupon rate

You own a bond that matures in 11 years. Currently, the bond is selling for $1,084.14. The face value is $1000 and the coupon rate is 5.2% (paid annually).

What is the yield to maturity?

Multiple Choice

  • 5.20 percent

  • 4.79 percent

  • 5.85 percent

  • 4.23 percent

  • 4.92 percent

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