Aspen companys non-callable bonds currently sell for 970, Finance Basics

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Aspen companys non-callable bonds currently sell for 970

Question: Aspen Company's non-callable bonds currently sell for $970. They have a 15-year maturity, an annual coupon of $70. and a par value of $1,000. What is their yield to maturity? Your answer should be between 6.65 and 8.80, rounded to 2 decimal places, with no special characters.

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Finance Basics: Aspen companys non-callable bonds currently sell for 970

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Finance Basics: Aspen companys non-callable bonds currently sell for 970

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