North & South RR bonds bear a coupon rate of 5.5 percent,payable annually.The bonds mature in 6.5 years,sell at par,and have a $1,000 face value.What is the yield to maturity?
A) 5.59%
B) 5.86%
C) 5.50%
D) 5.42%
E) 5.71%
Correct Answer:
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