S. V. Balachandra purchased Premia Inc.'s 15-year, 5 1/8% bonds 3 years ago. He is considering selling them and noted the current price of the bonds is $102.50 per $100. At this price, the yield to maturity is closest to:
A. |
4.6428%. |
|
B. |
4.8478%. |
|
C. |
4.8879%. |
Answer is
B. |
4.8478% |
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