A company has 9 per cent redeemable bonds in issue with a market value of US$105 per US$100 nominal value. The bonds are redeemable at par value in three years' time. When considering the cash flows from the investors point of view and basing the calculations on a nominal value of US$100, the NPV of the cashflows has been correctly calculated as US$5.91 positive when discounting the cash flows at 5 per cent. The NPV has also been correctly calculated as US$7.52 negative when discounting the cash flows at 10 per cent. What is the yield to maturity? Solution A.9.40 per cent. B.9.00 per cent. C.7.80 per cent. D.7.20 per cent