A four-year bond has an 6 percent coupon rate and a face value of $1,000 . If the bond's current price is $817.75 , calculate the yield to maturity of the bond (assuming annual interest payments).    A) 8 percent    B) 10 percent    C) 12 percent    D) 6 percent

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A four-year bond has an 6 percent coupon rate and a face value of

$1,000

. If the bond's current price is

$817.75

, calculate the yield to maturity of the bond (assuming annual interest payments). 

 

A) 8 percent 

 

B) 10 percent 

 

C) 12 percent 

 

D) 6 percent

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