A $1,000 semiannual coupon bond matures in 15 years,has a coupon rate of 7.5 percent,and a market price of $982.What is the yield to maturity?
A) 3.86 percent
B) 4.01 percent
C) 4.08 percent
D) 7.53 percent
E) 7.70 percent
Correct Answer:
Verified
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