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Trekkers Footwear has semi-annual coupon bonds that are currently selling for $1,072. These bonds pay a 10% coupon, with interest paid semi-annually. If the bonds
Trekkers Footwear has semi-annual coupon bonds that are currently selling for $1,072. These bonds pay a 10% coupon, with interest paid semi-annually. If the bonds have four years to maturity, what is the annual yield to maturity on these bonds? (Round your answer to two decimal places.)
Group of answer choices
7.87%
3.93%
5.0%
2.50%
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