WHAT IS THE YIELD TO MATURITY FOR A BOND PAYING $100 COUPON ANNUAL...
12. What is the yield to maturity for a bond paying $100 coupon annually that has
six years until maturity and sells for $1,074.22? The bond has a face value of
$1,000 and pays semi-annual coupons.
A) 4.20 percent
B) 4.66 percent
C) 8.40 percent
D) 9.31 percent