What is the yield to maturity of busquets co

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Reference no: EM132915293

Problem 1: Busquets Co. bond has an 8% coupon and pays interest annually. The face value is $1,000 and the current market price is $1,034.50. The bond matures in 20 years. What is the yield to maturity?

Option 1: 7.79%
Option 2: 7.66%
Option 3: 8.00%
Option 4: 7.04%
Option 5: 8.02%

Reference no: EM132915293

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