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Jackies Jewels has an eight year bond with a 4.82 percent coupon paid semi-annually. This bond is currently priced at $998.67 and has a $1,000

Jackies Jewels has an eight year bond with a 4.82 percent coupon paid semi-annually. This bond is currently priced at $998.67 and has a $1,000 face value. What is the yield to maturity?

  1. 9.50 %

  2. 4.84 %

  3. 3.32 %

  4. 2.42 %

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