Greer Paint and Solvent’s bonds have a 5.60 percent coupon and pay interest semi-annually. The face value

is $1,000 and the current market price is $1,062.50 per bond. The bonds mature in 16 years. What is the yield to maturity? <table><tbody><tr><td> </td> <td> </td> <td> 3.08 percent </td> </tr><tr><td> </td> <td> </td> <td> 4.06 percent </td> </tr><tr><td> </td> <td> </td> <td> 5.02 percent </td> </tr><tr><td> </td> <td> </td> <td> 6.68 percent </td> </tr><tr><td> </td> <td> </td> <td> 7.80 percent </td> </tr></tbody></table>

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"