Jill Wants To Invest In A Four Year Bond That Pays A Coupon Of 11 Percent Annual

/in /by

Jill wants to invest in a four-year bond that pays a coupon of 11 percent annually. The bonds are selling at $962.13 today and have a face value of $1,000. If she buys this bond and holds it to maturity, what would be the yield? (USE EXCEL or FINANCIAL CALCULATOR. Round to the closest answer.) 

Select one:

A. 10.80%

B. 11.80%

C. 12.50%

D. 12.25%

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
ORDER NOW