1. Upper Darby Metals has abond with an 9% coupon that pays interest semiannually. The par value is $1,000 and the current market price is $1,459.51. The bond matures in 18years. What is the annual yield to maturity?
2. .
3. .
4. A.5.08 percent
5. B.5.47 percent
6. C.6.41 percent
7. D.6.60 percent
8. E.6.88 percent