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A 10-year bonds issued by Mcercer Inc. have $1000 face value, a coupon rate of 8 percent, and semiannual payments The quoted price of the

A 10-year bonds issued by Mcercer Inc. have $1000 face value, a coupon rate of 8 percent, and semiannual payments The quoted price of the bond is $1000. What is the yield to maturity on these bonds? (hint: you do nol need to calculate any number!) a) 4% b) 6% c) 8% d) 16% e) 0%

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