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23. Hydronics Company, Inc. has outstanding a $1,000 par value bond, with 15 years remaining to maturity. The coupon rate is 7.00%. The bond

23. Hydronics Company, Inc. has outstanding a $1,000 par value bond, with 15 years remaining to maturity. The coupon rate is 7.00%. The bond is currently selling in the market for $1,207.58. What is the bond's yield to maturity (YTM)? A. 4.00% B. 5.00% C) 6.00% D. 8.00% E. 9.00%

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