The bonds issued by Jensen & Son bear a 5 % coupon,payable semiannually.The bond matures in 8 years and has a $1,000 face value.Currently,the bond sells at par.What is the yield to maturity?
A) 4.87%
B) 4.97%
C) 5.00%
D) 5.09%
E) 5.17%
Correct Answer:
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