A bond with 20 years remaining until maturity is currently tradi

A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond’s annual yield-to-maturity is closest to:

A.

2.09%

B.

4.18%

C.

4.50%

正确答案是B