18. A coupon bond that pays interest of $100 annually has a par value of $1000, matures in 5 years, and is selling today at the $72 discount from par palue. The yield to maturity on this bond is...

18.

A coupon bond that pays interest of $100 annually has a par value of $1000, matures in 5 years, and is selling today at the $72 discount from par palue. The yield to maturity on this bond is ____________________________.

a. 6%

b. 8.33%

c. 12%

d. 60%

e. none of these