Multiple Choice
From his retirement fund,Jack buys a $50 000,5.4% bond with quarterly interest coupons at 95.9,redeemable at par in 15 years.What is the approximate yield rate?
A) 1.45%
B) 5.79%
C) 1.31%
D) 5.23%
E) 5.92%
Correct Answer:
Verified
Correct Answer:
Verified
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