Question: Five years ago, Silver - and - Gold Corp. ( SnG ) issued bonds to its investors. The bonds sold at par value and had

Five years ago, Silver-and-Gold Corp. (SnG) issued bonds to its investors. The bonds sold
at par value and had a time-to-maturity of 7 years. The bonds make semi-annual coupon
payments, have a coupon rate of 15%, and have a face value of $1,000.
13. What was the yield-to-maturity (APR, semi-annually compounded) of SnG bonds at
issuance (i.e., five years ago)?
a.7.5%
b.10.0%
c.15.0%
d.15.6%
e. Unable to solve; the bonds price is not given.

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