Question: 100 ) Suppose a five - year bond with a 7% coupon rate and semiannual compounding is trading for a price of $951 58 .

100 ) Suppose a five - year bond with a 7%

100 ) Suppose a five - year bond with a 7% coupon rate and semiannual compounding is trading for a price of $951 58 . Expressed as an APR with semiannual compounding , this bonds yield to maturity ( YTM ) is closest to 100 ) 70% 8. 2% ( ) 7.50 % D ) 7.8%

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