A $1,000 par value 4.75 percent Treasury bond pays interest semiannually and matures in 10.5 years.What is the yield to maturity if the bond is currently quoted at a price of 110.5?
A) 1.54 percent
B) 1.68 percent
C) 1.77 percent
D) 3.28 percent
E) 3.54 percent
Correct Answer:
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