Question: 7 . ( YTM , semiannual payments ) On 1 5 August 1 9 9 0 , the U . S . Treasury issued a

7.(YTM, semiannual payments) On 15 August 1990, the U.S. Treasury issued a bond maturing on 15 February 2020. The bond has a coupon rate of 8.75%, payable semi-annually on 15 February and 15 August. If on 22 June 2015 a $100 face value bond is selling for $138.89, what is the bond's yield to maturity

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