Two years ago trans-atlantic airlines sold 250 million, Ask an Expert

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Two years ago, Trans-Atlantic Airlines sold $250 million worth of bonds at $1,000 each. These semi-annual bonds had a maturity of 12 years and a coupon rate of 12.5%. Today these bonds are selling for $1,000. Determine the yield-to-maturity.

A. 13.24%

B. 5.59%

C. 13.72%

D. 10.84%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91544848

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