A 5% bond is purchased at $1150 and the maturity is 15 years. The bond's yield-to-maturity is closest to

A 5% bond is purchased at $1150 and the maturity is 15 years. The bond's yield-to-maturity is closest to

A 5% bond is purchased at $1150 and the maturity is 15 years. The bond's yield-to-maturity is closest to 




A) 3.72%
B) 4.00%
C) 5.58%
D) 6.00%









Answer: A