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The market price of a bond is $1,300, it has 24 years to maturity, a $1,000 face value, and makes 8% coupon payments in semiannual

image text in transcribed The market price of a bond is $1,300, it has 24 years to maturity, a $1,000 face value, and makes 8% coupon payments in semiannual installments. What is the yield to maturity? A) 12.24% B) 3.45% C) 9.56% D) 5.69% E) 1.01%

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