Question: A company is offering $ 2 0 0 , 0 0 0 , 0 0 0 of 8 1 2 % bonds due July 1

A company is offering $200,000,000 of 812% bonds due July 1,2038 at
9912% of par value. The yield-to-maturity on the bonds is:
A
8%
Less than 872%
812%
Greater than 812%
A company is offering $200,000,000 of 812% bonds due July 1,2038

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