The bonds issued by Manson & Son bear a 6% coupon,payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently,the bond sells at par. What is the yield to maturity?
A) 5.87%
B) 5.97%
C) 6.00%
D) 6.09%
E) 6.17%
Correct Answer:
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