New markets has 1000 face value bonds outstanding that pay


New Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 14.5 years, and have a 4.5 percent coupon. The current price is quoted at 97.6. What is the yield to maturity?

A. 5.32 percent

B. 4.73 percent

C. 4.92 percent

D. 5.13 percent

E. 5.27 percent

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Financial Management: New markets has 1000 face value bonds outstanding that pay
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