A bond pays a 3% coupon (stated annually,paid semiannually) .Its priced is currently $900 and its term to maturity in 12 years.If an investor buys the bond and holds it to maturity,what is his/her expected yield?
A) 4.06%
B) 2.03%
C) 6.00%
D) 3.00%
Correct Answer:
Verified
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