The North State Bank has purchased a bond with the following characteristics: Coupon rate of 5.5%, Face value of $1000, annual coupon payments, 5 years to maturity and current market price is $917. What is the yield-to-maturity on this bond? O 7.55% O 4.0% O 1.5% O 8% O None of the options is correct

The North State Bank has purchased a bond with the following characteristics: Coupon rate of 5.5%, Face value of $1000, annual coupon payments, 5 years to maturity and current market price is $917. What is the yield-to-maturity on this bond? 7.55% 4.0% 1.5% 8% None of the options is correct