单选题
A 6% 25-year bond with semiannual payments has a market price of $850.00. The yield to maturity of this bond is closest to:
【正确答案】
B
【答案解析】
B is correct because the yield to maturity is the discount rate that equates the price of the bond (5850.00) with its cash flows (49 semiannual cash flows of $30 and a 50th cash flow of $1,030) or,030) or
