Radoski Corporation's bonds make an annual coupon interest payment of 7.35% every year.The bonds have a par value of $1,000,a current price of $920,and mature in 12 years.What is the yield to maturity on these bonds?
A) 6.83%
B) 9.53%
C) 8.10%
D) 7.25%
E) 8.44%
Correct Answer:
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