A 10-year bond with a $1,000 face value and 6% coupon rate is currently selling in the bond market for $700. Its yield to maturity is (approximately)
A)
6%.
B)
7%.
C)
8.6%.
D)
10.6%.
D
Business
A)
6%.
B)
7%.
C)
8.6%.
D)
10.6%.
D