Assume you're contemplating the purchase of a $1,000,6% annual coupon income bond with 5 years remaining to maturity and that the bond currently is trading at $950.The approximate yield to maturity on this bond will be
A) 6.0%.
B) 7.2%.
C) 8.1%.
D) 11.3%.
E) 12.1%.
Correct Answer:
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