Multiple Choice
From his retirement fund, Jack buys a $50 000, 5.4% bond with quarterly interest coupons at 104.1, redeemable at par in 15 years. What is the approximate yield rate?
A) 1.256%
B) 5.024%
C) 1.23%
D) 4.92%
E) 5.19%
Correct Answer:
Verified
Correct Answer:
Verified
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