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The current market price of MNA Corporation's bond is $1150. A 7% coupon interest rate is paid semi-annually, and the par value is equal to

The current market price of MNA Corporation's bond is $1150. A 7% coupon interest rate is paid semi-annually, and the par value is equal to $1,000. What is the yield to maturity if the bond matures eight years from today?
  • A. 7%
  • B. 6.09%
  • C. 4.73%
  • D. 4.71%
  • E. 2.36%

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