What is the yield to maturity, Finance Basics

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What is the yield to maturity

Problem:

Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5%, and semiannual payments. If the market price of the Chrysler bond is $729.05, what is the yield to maturity?

Choose one

A.7%

B.9%

C.10%

D.11%

Explain in detail.

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Finance Basics: What is the yield to maturity

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Finance Basics: What is the yield to maturity

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