Calculation of YTM. Very short.

(Yield to maturity) Golden Co.’s bonds mature in 15 years and pay 8 percent interest annually. If you purchase the bonds for $1,175, what is their yield to maturity? (Yield to maturity) Golden Co.’s bonds mature in 15 years and pay 8 percent interest annually. If you purchase the bonds for $1,175, what is their yield to maturity? (Yield to maturity) Golden Co.’s bonds mature in 15 years and pay 8 percent interest annually. If you purchase the bonds for $1,175, what is their yield to maturity?
 
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