Question
You purchased a 12-year, $1,000 bond with a 4.6% semi-annual coupon five years ago at a price of $1,015. Today you sold the bond at
You purchased a 12-year, $1,000 bond with a 4.6% semi-annual coupon five years ago at a price of $1,015. Today you sold the bond at a price of $1,111. What was the yield to maturity when you purchased the bond?
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A. 2.22%
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B. 4.35%
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C. 4.50%
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D. 4.44%
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E. 4.69%
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
