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Calhoun Corp. has outstanding bonds currently trading at $878.55 with par value of $1,000. The bonds mature in 8 years. If Calhoun bonds pay $75

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Calhoun Corp. has outstanding bonds currently trading at $878.55 with par value of $1,000. The bonds mature in 8 years. If Calhoun bonds pay $75 in annual coupon interest, what is the bond's YTM (yield-to-maturity) approximately? 9.99% 9.76% 2.68% 7.5% None of the above

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