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Franz Corp.'s bonds currently sell for $1,302.40 and have a $1,000 par value. They have a 6.25% annual coupon rate and a 10-year maturity. What
Franz Corp.'s bonds currently sell for $1,302.40 and have a $1,000 par value. They have a 6.25% annual coupon rate and a 10-year maturity. What is the bonds yield to maturity?
a. 2.75%
b. 3.60%
c. 4.02%
d. 4.65%
e. 5.50%
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