Question: 16. Based on annual compounding, what would be the YTM be on a 15-year,12% coupon rate, $1,000 par value bond thats currently trading at $800?

16. Based on annual compounding, what would be the YTM be on a 15-year,12% coupon rate, $1,000 par value bond thats currently trading at $800? *

A. 15.5%

B. 12%

C. 14%

D. 10%

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