Q16

Radoski Corporation's bonds make an annual coupon payment of 7.35% every year. The bonds have a par value of $1,000, a current price of $1,480, and mature in 12 years. What is the yield to maturity on these bonds? ( a) 2.63% b) 2.71% O c) 2.66% O d) 2.95% O e) 2.55%