What is the yield-to-maturity


A 6 percent coupon bond has a face value of $1,000, pays interest semi-annually, has 12 years to maturity, and is currently selling for $1,018. What is the yield-to-maturity?

Student Response Feedback

A. 5.79 percent

B. 5.82 percent

C. 5.87 percent

D. 5.91 percent

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Finance Basics: What is the yield-to-maturity
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