Question: Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020: Maturity Date Coupon Rate Bid Price Ask Price

Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020:

Maturity Date

Coupon Rate

Bid Price

Ask Price

Bid Yield

Ask yield

2025-06-01

9

163.14

163.24

3.54

3.53

In reference to the Government of Canada bond maturing on June 1, 2025 (above), answer the following question:

What is the yield to maturity on the bond.

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