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 $1,470,and mature in 12 years.What is the yield to maturity on these bonds?
A) 2.06%
B) 3.14%
C) 2.63%
D) 2.52%
E) 2.71%
Correct Answer:
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