Multiple Choice
Sentry Corp.bonds have an annual coupon payment of 7.25%.The bonds have a par value of $1,000, a current price of $1,125, and they will mature in 13 years.What is the yield to maturity on these bonds?
A) 5.56%
B) 5.85%
C) 6.14%
D) 6.45%
E) 6.77%
Correct Answer:
Verified
Correct Answer:
Verified
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