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A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% semiannual coupon, and currently sell at a price
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% semiannual coupon, and currently sell at a price of $1,100. What are their nominal yield to maturity (YTM)?
A) 6.74%
B) 6.79%
C) 6.52%
D) 6.62%
E) 6.84%
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