A General Co.bond has a coupon rate of 6 percent and pays interest annually.The face value is $1,000,and the current market price is $1,006.49.The bond matures in 16 years.What is the yield to maturity?
A) 6.08%
B) 5.94%
C) 6.11%
D) 6.03%
E) 5.97%
Correct Answer:
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