The bonds issued by stainless tubs bear an 8 percent coupon, Ask an Expert

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The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?

7.87 percent

7.92 percent

8.08 percent

8.69 percent

9.20 percent

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Reference No.:- M941092

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