GE issued a twenty-year low coupon bond 5 years ago. The coupon rate is 0.5%, paid semi-annually and the next payment is

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answerhappygod
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GE issued a twenty-year low coupon bond 5 years ago. The coupon rate is 0.5%, paid semi-annually and the next payment is

Post by answerhappygod »

GE issued a twenty-year low coupon bond 5 years ago. The
coupon rate is 0.5%, paid semi-annually and the next payment is due
in 6 months. The bond's price is quoted at 76.8. What is the yield
to maturity implied in the current price?
Select one:
a.2.34%
b.2.83%
c.1.17%
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