Douglas Dynamics Inc.has outstanding $1,000 face value 4% coupon bonds that make semiannual payments,and have 10 years remaining to maturity.If the current price for these bonds is $938.57,what is the annualized yield to maturity?
A) 4.78%
B) 4.96%
C) 5.02%
D) 5.13%
Correct Answer:
Verified
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