A bond has five years to maturity, a $1000 face value, and a 5.5% coupon rate with annual coupons. What is its yield to maturity if it is currently trading at $846.11?
A) 11.41%
B) 13.31%
C) 7.61%
D) 9.51%

Question

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D) Using FV = $1000, periods to maturity = 5, PMT = 55.00, and PV = $846.11, calculate discount 11ea84dc_f568_0df1_9a63_dd1e51e9fa73_TB1316_11_TB1316_11 per period.

A Bond Has Five Years to Maturity, a $1000 Face