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What is the yield to maturity

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Question - The bonds issued by Stainless Tubs bear a 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?

A. 6.13 percent

B. 5.87 percent

C. 6.08 percent

D. 7.92 percent

E. 8.15 percent

Reference no: EM132945990

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