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WWW Inc. has $1000 bonds due in 8 years with a 7% coupon rate. If the price is $ 889.30, what is the yield to

WWW Inc. has $1000 bonds due in 8 years with a 7% coupon rate. If the price is $ 889.30, what is the yield to maturity ?
Select one:
a. 9%
b. 7%
c. 8.7%
d . 8%
image text in transcribed
WWW Inc. has $1000 bonds due in 8 years with a 7% coupon rate. If the price is $889.30, what is the yield to maturity? Select one: a. 9% b. 7% C. 8.7% d. 8%

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