Question: A bond with 20 years remaining until maturity is currently trading for 111 of par value ($1,000). The bond offers a 5% coupon rate with

A bond with 20 years remaining until maturity is currently trading for 111 of par value ($1,000). The bond offers a 5% coupon rate with interest paid semi-annually. The bonds annual yield-to-maturity is closest to: a. 2.09% b. 4.18% c. 4.50% d. 4.38%

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