A fixed rate bond, currently priced at 102.9, has one year remaining to maturity and is paying an 8% coupon. Assuming the coupon is paid semiannually, what is the yield of the bond?
A fixed rate bond, currently priced at 102.9, has one year remaining to maturity and is paying an 8% coupon. Assuming the coupon is paid semiannually, what is the yield of the bond? A.8%; B.7.77%; C.6%; D.5%