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Company A has 6 percent coupon bonds on the market with 17 years left until maturity. The bond makes annual payments. If the bond currently sells for...
Company A has 6 percent coupon bonds on the market with 17 years left until maturity. The bond makes annual payments. If the bond currently sells for $838.07, what is the yield to maturity?
A. 7.75 percent
B. 8.00 percent
C. 8.25 percent
D. 8.50 percent
E. 8.75 percent