question archive What is the yield-to-maturity of a Viacom bond which is selling for $948

What is the yield-to-maturity of a Viacom bond which is selling for $948

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What is the yield-to-maturity of a Viacom bond which is selling for $948.75 with 6 years to maturity and a 7% coupon?

  a.

8.11%

  b.

7.38%

  c.

7.01%

  d.

8.38%

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