Question: A $ 2 0 , 0 0 0 , 5 year bond has a stated rate of 6 % and sells for $ 2 0

A $20,000,5 year bond has a stated rate of 6% and sells for $20,000. What is the yield to maturity?
Multiple choice question.
Less than 6%
6%
Greater than 6%
Cannot be determined

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