Clock and Cane Company.has 6.8 percent, semiannual coupon bonds on the market with twelve years left to maturity.If the bond currently sells for $989.45, what is its YTM?
A) 8.02 percent
B) 7.90 percent
C) 8.10 percent
D) 6.93 percent
E) 6.78 percent
Correct Answer:
Verified
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