Kizspy | Question: 4
(Choose 1 answer)
Shawna Carter wants to invest her recent bonus in a four-year bond that pays a coupon of 11 percent
semiannually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what
would be her yield to maturity? (Round to the closest answer.)
A. 11.5%
B. 11.8%
C. 12.5%
D. 12.2%
