The Deltona Instrument Company has 9 percent coupon bonds on the market with 6 years left to maturity. The bonds make annual payments. If the bond currently sells for $974.60, what is its YTM?
A) 8.82 percent
B) 8.90 percent
C) 8.98 percent
D) 9.58 percent
E) 9.63 percent
Correct Answer:
Verified
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