The bonds mature in 65 years sell at par and have a 1000
North & South RR bonds bear a coupon rate of 5.5 percent, payable annually. The bonds mature in 6.5 years, sell at par, and have a $1,000 face value. What is the yield to maturity? A. 5.59% B. 5.86% C. 5.50% D. 5.42% E. 5.71%
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