What is its annual yield to maturity

Assignment Help Financial Management

Reference no: EM131602265

A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 4.50% per year, semiannually. The bond is callable in five years at 120% of its par value. If the bond’s price is $1,067.32, what is its annual yield to maturity?

1) 3.69% 2) 3.77% 3) 3.54% 4) 3.43% 5) 3.83%

Reference no: EM131602265

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