Question

A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at an $84.52 discount from par value. The yield to maturity on this bond is _________. A. 6% B. 7.23% C. 8.12% D. 9.45%

Answer 1

It’s b I think but not for sure