Business, 01.12.2020 16:40 mv603177

The $1,000 face value bonds of Galaxies International have coupon of 5.5 percent and pay interest semiannually. Currently, the bonds are quoted at 98.02 and mature in 12 years. What is the yield to maturity? a. 6.16 percent
b. 7.32 percent
c. 6.93 percent
d. 5.73 percent

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