Best Western has $1,000 face value bonds outstanding.These bonds pay interest semiannually,mature in six years,and have a 5 percent coupon.The current price is quoted at 101.What is the yield to maturity?
A) 2.32 percent
B) 4.64 percent
C) 5.00 percent
D) 5.13 percent
E) 5.27 percent
Correct Answer:
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