Q56. A 5 percent, semi-annual pay bond with a par value of $1,000 matures in 10 years and is selling for $925.61, for a percent yield to maturity. Over the life of the bond, the reinvestment income that must be earned is order to realize the 6 percent yield is closest to: A. $157.63 B. $ 171.75 C. $ 232.02 D. $246.14 |