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UNT, Inc just issued a 10 year 9% coupon bond. The face value of the bond is $1,000 and the firm makes semiannual coupon payments.

UNT, Inc just issued a 10 year 9% coupon bond. The face value of the bond is $1,000 and the firm makes semiannual coupon payments. If the bond is trading at $1,267.25, what is the bonds yield to maturity?

Multiple Choice

  • 2.75%

  • 12.00%

  • 5.49%

  • 8.06%

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