Dizzy Corp. bonds bearing a coupon rate of 15%, pay coupons semiannually, have two years remaining to maturity, and are currently priced at $980 per bond. What is the yield to maturity?
A) 15.00%
B) 15.99%
C) 16.21%
D) 16.25%
E) 16.57%
Correct Answer:
Verified
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