A General Co. bond has a coupon rate of 6 percent and paysinterest annually. The...

A General Co. bond has a coupon rate of 6 percent and pays interest annually. The face value is $1,000, and the current market price is $1,006.49. The bond matures in 16 years. What is the yield to maturity?

a) 6.08%

b) 5.94%

c) 6.11%

E) 6.11%

D) 6.11%

Expert Solution

yield to maturity= B. 5.94%

jeff jeffy answered 2 years ago

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