The 5.25% semi-annual coupon bonds for Martha's Cupboards, Inc. are currently quoted in the newspaper at a price of 101.25. The bonds mature in seven years. What is the yield to maturity on these bonds?
A) 5.04%
B) 5.19%
C) 5.25%
D) 5.33%
E) 5.49%
Correct Answer:
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