Curtis Corporation's Noncallable Bonds Currently Sell for $1,165

question 89

Multiple Choice

Curtis Corporation's noncallable bonds currently sell for $1,165.They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000.What is their yield to maturity?

• A) 6.20%
• B) 6.53%
• C) 6.87%
• D) 7.24%
• E) 7.62%