(Answered) Bluff enterprises has 1000 face value bonds outstanding

Finance

Bluff Enterprises has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 7 percent coupon. The current price is quoted at 101.36. What is the yield to maturity?

a. 5.97 percent

b. 6.49 percent

c. 6.72 percent

d. 6.86 percent

e. 7.11percent

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