Your firm has just issued a 30-year $1,000.00 par value, 8% coupon semiannual bond for a net price of $964.00. What is the yield to maturity? Use a financial calculator to determine your answer.
A) 4.16%
B) 8.33%
C) 8.30%
D) 8.00%

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The Answer of Your firm has just issued a 30-year $1,000.00 par value, 8% coupon semiannual bond for a net price of $964.00. What is the yield to maturity? Use a financial calculator to determine your answer.
A) 4.16%
B) 8.33%
C) 8.30%
D) 8.00%

Your Firm Has Just Issued a 30-Year $1,000