Question

Amy purchased a five-year $5,250 bond below par value for $4,675 with a coupon of 3.5%. What was her yield?

3.9%
3.8%
3.5%
3.1%
Tell me WHY you got it.

Answer 1

3.9%

Explanation:

All I know is I got it wrong from the other answer, and it says 3.9% is the right answer.