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Burling Inc issued an 6% coupon bond that has 18 years remaining to maturity. The bond makes semiannual payments and has a face value of

Burling Inc issued an 6% coupon bond that has 18 years remaining to maturity. The bond makes semiannual payments and has a face value of $1,000. If the current price for these bonds is $1,109.32, what is the annualized yield to maturity?

Group of answer choices

5.07%

8.51%

13.11%

Correct answer is not available

2.53%

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