A $1,000 semiannual coupon bond matures in 13 years, has a coupon rate of 7.5 percent, and a market price of $982. What is the yield to maturity?
A) 3.86 percent
B) 4.01 percent
C) 4.08 percent
D) 7.69 percent
E) 7.72 percent
Correct Answer:
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