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22) A World Tire Corp bond carries a 7.5 percent coupon, paid annually. The par value is $1,000, and the bond matures in five years.

22) A World Tire Corp bond carries a 7.5 percent coupon, paid annually. The par value is $1,000, and the bond matures in five years. If the bond currently sells for $1,206.09, what is the yield to maturity on the bond? a. 3% b. 4% c. 5% d. 6% e. 7% f. 2.5% g. 3.75

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