The 7 percent semiannual coupon bonds of Over The Counter, Inc., are selling for $1,102.25.The bonds have a face value of $1,000 and mature in 18 years.What is the yield to maturity?
A) 5.54 percent
B) 6.06 percent
C) 12.55 percent
D) 6.27 percent
E) 12.1 percent
Correct Answer:
Verified
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