The bonds issued by B&H Enterprises bear a 7% coupon which is payable semi-annually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell at par. What is the yield to maturity?
A) 5.65%
B) 6.25%
C) 6.87%
D) 7.00%
E) 7.35%
Correct Answer:
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