A corporate bond with a face value of $1,000 matures in 4 years and has a coupon rate of 6.25 percent.The current price of the bond is $932 and interest is paid semiannually.What is the yield to maturity?
A) 9.05 percent
B) 6.67 percent
C) 8.58 percent
D) 8.28 percent
E) 7.92 percent
Correct Answer:
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