The $1,000 face value bonds of Shonesy International have a 7.5 percent coupon and pay interest annually.Currently,the bonds are quoted at 95.27 and mature in 3.5 years.What is the yield to maturity?
A) 7.88 percent
B) 8.02 percent
C) 8.18 percent
D) 8.79 percent
E) 9.14 percent
Correct Answer:
Verified
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