The yield to maturity of the bond

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Reference no: EM13731419

A bond has a coupon of 6%. It has a face value of $100. It pays interest semi-annually. The bond was issued on March 18th, 2013. The settlement date is March 21st, 2013. The maturity date is 3/23/2023. The first interest payment is June 18th, 2013. The redemption of the bond is $100. The bond is currently selling for 110% of face value. The yield to maturity of the bond is:

a) 3.653%

b) 4.733%

c) 6%

d) 9.467%

Reference no: EM13731419

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