A four-year bond has an 8% coupon rate and a face value of $1,000.If the current price of the bond is $878.31,calculate the yield to maturity of the bond (assuming annual interest payments).
A)8%
B)10%
C)12%
D)6%

Question

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The Answer of A four-year bond has an 8% coupon rate and a face value of $1,000.If the current price of the bond is $878.31,calculate the yield to maturity of the bond (assuming annual interest payments).
A)8%
B)10%
C)12%
D)6%

A Four-Year Bond Has an 8% Coupon Rate and a Face