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Accounting

Problem:

What is the yield to maturity of a five-year, $5000 face value bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4876?

A) 4.30%

B) 5.07%

C) 6.30%

D) 8.60%

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168935

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