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The bonds issued by Stainless Tubs bear a 12 percent coupon, payable semiannually. The bonds mature in 12 years and have a $1,000 face value.

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The bonds issued by Stainless Tubs bear a 12 percent coupon, payable semiannually. The bonds mature in 12 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity? Select the choice that is closest to your answer. 11.86% 12.36% 12.79% 12.98%

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