Question: What is the approximate yield to maturity for a $1,000 par value bond selling for $1,400 that matures in 15 years and pays 7 percent

What is the approximate yield to maturity for a $1,000 par value bond selling for $1,400 that matures in 15 years and pays 7 percent interest semi-annually?

a. 12.1%

b. 8.2%

c. 8.9%

d. 3.6%

e. 13.3%

f. 6.0%

What is the approximate yield to maturity for a $1,000 par value

What is the approximate yield to maturity for a $1,000 par value bond selling for $1,400 that matures in 15 years and pays 7 percent ?interest semi-annually 12.1% .ao 8.2% bo 8.9% CO 3.6% do 13.3% e o 6.0% of o

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