The bonds issued by Stainless Tubs bear an 8 percent coupon,payable semiannually.The bonds mature in 11 years and have a $1,000 face value.Currently,the bonds sell for $952.What is the yield to maturity?
A) 7.87 percent
B) 7.92 percent
C) 8.08 percent
D) 8.69 percent
E) 9.20 percent
Correct Answer:
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