The Texas Instruments Company has 9 percent coupon bonds on the market with seven years left to maturity.The bonds make annual payments.If the bond currently sells for $874.60,what is its YTM?
A) 9.82 percent
B) 9.90 percent
C) 11.10 percent
D) 11.72 percent
E) 11.78 percent
Correct Answer:
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