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What is the yield to maturity on an annual percentage basis

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Reference no: EM133013710

Question - The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity on an annual percentage basis?

A. 8.96 percent

B. 7.56 percent

C. 8.30 percent

D. 8.69 percent

Reference no: EM133013710

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