Tidewater Home Health Care, Inc., has a bond issue outstanding with eight years remaining to maturity, a coupon rate of 10% with interest paid annually, and a par value of $1,000. The current market price of the bonds is $1,251.22. What is the bonds yield to maturity?

Choice: 4.50%

Choice: 5.23%

Choice: 5.00%

Choice: 5.96%

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 $1,251.22. What is the bonds yield to maturity?

Choice: 2.5%

Choice: 5.0%

Choice: 6.0%

Choice: 100%