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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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Question

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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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%