Question: Question 18 4.5 Points A bond has a $1,000 par value, 13 years to maturity, and a 6% annual coupon rate and sells for $980.

  2. Question 18

    4.5 Points

    A bond has a $1,000 par value, 13 years to maturity, and a 6% annual coupon rate and sells for $980. What is the yield to maturity?

    1. 6.95%

    2. 6.23%

    3. 5.95%

    4. 4.25%

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