A $1,000 par value 5 percent Treasury bond pays interest semiannually and matures in 7.5 years.What is the yield to maturity if the bond is currently quoted at a price of 112.34?
A) 3.14 percent
B) 3.18 percent
C) 3.23 percent
D) 6.28 percent
E) 6.36 percent
Correct Answer:
Verified
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