The 6 percent coupon bonds of Precision Engineering are selling for 98 percent of par value.The bonds mature in eight years and pay interest semiannually.These bonds have current yield of _____ percent,a yield to maturity of _____ percent,and an effective annual yield of _____ percent.
A) 6.12; 6.32; 6.36
B) 6.12; 6.32; 6.42
C) 6.12; 6.36; 6.42
D) 6.23; 6.32; 6.36
E) 6.23; 6.36; 6.42
Correct Answer:
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