WHAT IS THE YIELD TO MATURITY OF A BOND WHICH HAS A COUPON RATE OF...

24. What is the yield to maturity of a bond which has a coupon rate of 8% with semi-annual payments and three years until maturity, if it is currently selling at 96% of par? A) 4.78% B) 5.48% C) 9.57% D) 12.17%