Computation of yield to maturity

Reference no: EM1314394

Beachwear' and more bonds have a 9.5 percent coupon and pay interest semi-annually. Currently, the bonds are quoted at 106.315. The bonds mature in 8 years. What is the yield to maturity?

a. 8.40 percent
b. 8.68 percent
c. 9.13 percent
d. 9.38 percent
e. 9.72 percent

Reference no: EM1314394

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