Find what is the yield to maturity of the bond

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Question 1: A local bond having a face value of $1000 is currently being traded in the market at a price of $1200. The bond has an annual 16% coupon rate, with interest paid quarterly, and matures in 5 years. What is the yield to maturity of the bond?

Select one:

Option a. 2.65% semi annually

Option b. 1.53% Annually

Option c. 1.67% semi annually

Option d. 1.77% semi annually

Reference no: EM132543895

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