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Tidewater Home Health Care, Inc., has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10% with interest paid semi-annually
Tidewater Home Health Care, Inc., has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. The current market price of the bonds is $1,450. What is the bonds yield to maturity?
a. 6.0%
b. 2.50%
c. 3.5%
d. 1.70%
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