A $1,000 face value bond matures in 9 years, pays interest semiannually, and has a 6.5 percent coupon. The bond currently sells for $1,015. What is the yield to maturity?
A) 6.17 percent
B) 6.22 percent
C) 6.28 percent
D) 6.34 percent
E) 6.37 percent
Correct Answer:
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