The market price of a bond is $1,236.94, it has 14 years to maturity, a $1,000 face value, and pays an annual coupon of $100. What is the yield to maturity?
A) 3.18%
B) 4.26%
C) 5.37%
D) 6.11%
E) 7.25%
Correct Answer:
Verified
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