Old World Markets Has $1,000 Face Value Bonds Outstanding That

Multiple Choice

Old World Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 13 years, and have a 5.3 percent coupon.The current price is quoted at 98.25.What is the yield to maturity?

A) 5.34 percent
B) 5.49 percent
C) 11.15percent
D) 11.01 percent
E) 5.23 percent