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Bonds issued by Brawndo Inc. bear a 11.48% coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face value. Currently the

Bonds issued by Brawndo Inc. bear a 11.48% coupon, payable semiannually. The bonds mature in 15 years and have a $1,000 face value. Currently the bonds sell for $537.47. What is the yield to maturity?

Select one:

a. 26.26 %

b. 22.21 %

c. 18.09 %

d. 30.69 %

e. 18.81 %

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