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Wally, Inc. is selling bonds for $775.37. Each bond has an 8% coupon rate and makes payments semi-annually. The bond matures in 25 years. What

Wally, Inc. is selling bonds for $775.37. Each bond has an 8% coupon rate and makes payments semi-annually. The bond matures in 25 years. What is the bonds yield-to-maturity?

  • 11.74%
  • 8.00%
  • 5.29%
  • 10.57%
  • None of the above

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