What is the yield to maturity

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Reference no: EM131300952

New Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5 percent coupon. The current price is quoted at 97.6. What is the yield to maturity?

A. 5.32 percent

B. 4.73 percent

C. 4.92 percent

D. 5.13 percent

E. 5.27 percent

Reference no: EM131300952

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