Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 3/4%...
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Accounting
Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 3/4% coupon rate, 20 year maturity that is currently selling for $920. If Barry purchases this bond, what would his approximate yield to maturity be?
A) 4.55%
B) 4.38%
C) 4.14%
D) 3.97%
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