Question: A bond has a $ 1 , 0 0 0 par value, 1 4 years to maturity, and pays a coupon of 6 . 2

A bond has a $1,000 par value, 14 years to maturity, and pays a coupon of 6.25% per
year, annually. The bond is callable in four years at $1,100. If the bond's price is
$1,127.27, what is its annual yield to maturity?
5.33%
4.64%
4.46%
5.11%
4.97%
 A bond has a $1,000 par value, 14 years to maturity,

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