A coupon bond that pays interest of $100 annually has a par value of $1,000,matures in 5 years,and is selling today at a $72 discount from par value.The yield to maturity on this bond is __________.
A) 6.00%
B) 8.33%
C) 12.00%
D) 60.00%
E) none of the above
Correct Answer:
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