You are interested in purchasing bonds that are currently priced at $1,150.59 and have 12.5 years to maturity. The bonds pay semi-annual coupons. If the bonds have a 4% coupon rate what is the yield-to-maturity of these bonds?

Question 42 options:

	4.00%
	2.29%
	Not enough information.
	2.58%
	1.29%