Outstanding bonds-what is their yield to maturity

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Reference no: EM13911507

Aurand Inc. has outstanding bonds with an 8% coupon paid semiannually. The bonds have a par value of $1,000, a current price of $904, and will mature in 14 years. What is their yield to maturity?

4.62%

15.80%

7.90%

9.24%

10.47%

Reference no: EM13911507

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