Question: The bonds issued by Jensen & Son bear a 9% coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value.

  1. The bonds issued by Jensen & Son bear a 9% coupon, payable semiannually. The bond matures in 8 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?

    8.87%

    5.97%

    6.00%

    9.00%

    9.09%

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