The fishing pier has 630 percent semi-annual bonds


The Fishing Pier has 6.30 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market value of $1,017. What is the yield to maturity?

5.82 percent

5.87 percent

6.03 percent

6.10 percent

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Financial Management: The fishing pier has 630 percent semi-annual bonds
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