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You've been watching the markets and note that the price for the US Treasury 4-year notes, with a coupon rate of 5 5/8%, has risen
You've been watching the markets and note that the price for the US Treasury 4-year notes, with a coupon rate of 5 5/8%, has risen to $103.90 per $100 face value. Based on this change in price, the yield to maturity is closest to:
A. | 4.5476%. | |
B. | 4.5370%. | |
C. | 2.2738%. |
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