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Yobaccio Corp.'s bonds currently sell for $1,203.89 and have a $1,000 par value. They have a 9.5% annual coupon rate and a 20-year maturity. What

Yobaccio Corp.'s bonds currently sell for $1,203.89 and have a $1,000 par value. They have a 9.5% annual coupon rate and a 20-year maturity. What is the bonds yield to maturity?

a. 7.00%

b. 7.50%

c. 8.00%

d. 8.25%

e. 8.75%

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