TAC Co.has 4.8 percent,semiannual coupon bonds on the market with four years left to maturity.If the bond currently sells for $908.60,what is its YTM?
A) 8.02 percent
B) 7.90 percent
C) 8.10 percent
D) 7.49 percent
E) 6.78 percent
Correct Answer:
Verified
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