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Fifteen years ago, Delwood Productions Inc. issued a 25-year, 12% coupon bond with semiannual interest payments. The bonds current market price is $1,160.82. Assuming the

Fifteen years ago, Delwood Productions Inc. issued a 25-year, 12% coupon bond with semiannual interest payments. The bonds current market price is $1,160.82. Assuming the bond has a $1,000 face value, what is its yield to maturity?

  1. 5.10 percent
  2. 10.20 percent
  3. 10.33 percent
  4. 4.74 percent
  5. 9.48 percent

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