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13. Cable Bahamas issued bonds yesterday that were named the Class B bonds, which consist of 5,000; 15 year bonds with a par value of

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13. Cable Bahamas issued bonds yesterday that were named the Class B bonds, which consist of 5,000; 15 year bonds with a par value of $1,000. The bonds have a coupon rate of 6.75%, and pay interest semi-annually. d. When the Cable Class B bonds only have 4 years to maturity, they are trading at $1,050. What is their yield to maturity? (3 Points)

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