A 75 percent coupon bond issued by company y has a face
A 7.5 percent coupon bond issued by Company Y has a face value of $1,000, pays interest semi-annually, has 8 years to maturity, and sells for $996.34. What is the yield-to-maturity?
7.78 percent
9.03 percent
7.56 percent
7.27 percent
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