The bonds issued by Manson and Son bear a coupon of 6 percent,payable semiannually.The bond matures in 15 years and has a $1,000 face value.Currently,the bond sells at par.What is the yield to maturity?
A) 5.87 percent
B) 5.97 percent
C) 6.00 percent
D) 6.09 percent
E) 6.17 percent
Correct Answer:
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