has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 7 percent coupon. The current price is quoted at 101.36. What is the yield to maturity?

Select one:

a.

5.97 percent

b.

6.49 percent

c.

6.72 percent

d.

6.86 percent

e.

7.11 percent