A corporate bond has a coupon of 7.5 percent and pays interest annually.The face value is $1,000 and the current market price is $1,108.15.The bond matures in 14 years.What is the yield to maturity?
A) 6.31 percent
B) 7.82 percent
C) 8.00 percent
D) 8.04 percent
E) 8.12 percent
Correct Answer:
Verified
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