Question: 5. A bond A corporate bond with a face value of $1,000, a coupon rate of 6% paid semiannually, and 15 years to maturity sells

5. A bond A corporate bond with a face value of

5. A bond A corporate bond with a face value of $1,000, a coupon rate of 6% paid semiannually, and 15 years to maturity sells for $866.28. The yield to maturity of this bond expressed as a per cent, rounded to 1 decimal place (e.g. 6.1\%) is (A) 7.09% (B) 3.75% (C) 7.52% (D) 3.76% (E) 7.50%

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