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%
Answer: E
Business
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