Yield to Maturity A 4.25 percent coupon bond with 8 years left to maturity is offered for sale at $983.36. What yield to maturity is the bond offering? (Assume interest payments are paid semi-annually and par value is $1,000.)
A) 2.25%
B) 2.36%
C) 4.25%
D) 4.50%
Correct Answer:
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