What is the yield-to-maturity

Reference no: EM131023515

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

Reference no: EM131023515

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