Radoski Corporation's bonds make an annual coupon interest payment of 7.35% every year. The bonds have a par value of $1,000, a current price of $920, and mature in 12 years. What is the yield to maturity on these bonds?
A. 6.83%
B. 9.53%
C. 8.10%
D. 7.25%
E. 8.44%
Answer: E
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