Horry-Brunswick Railroad, Inc. bonds are currently trading at $862. The bonds have a face value...
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Horry-Brunswick Railroad, Inc. bonds are currently trading at $862. The bonds have a face value of $1,000, a coupon rate of 10%, and 8 years until maturity. The bonds pay interest twice per year. What is the yield-to-maturity on one of these bonds if purchased at the current market price? Be sure to round your answer to the same number of decimal places at the answer options, Select one: O a. 12,81% Ob. 10.24% c. 9.71% Od 9.24% Oe. none of the above
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