QUESTION $9$

Fragile Inc.$$s bonds currently sell for $$1,040$ and have a par value of $$1,000.$ They pay a $$85$ annual coupon and have $18$ years left to maturity. What is their yield to maturity?

A$.$

$9\mathrm{.}44\%$

B$.$

$9\mathrm{.}07\%$

C$.$

$8\mathrm{.}72\%$

D$.$

$8\mathrm{.}39\%$

E$.$

$8\mathrm{.}07\%$

F$.$

$7\mathrm{.}77\%$

G$.$

$7\mathrm{.}47\%$

H$.$

$7\mathrm{.}10\%$