Question: 8. please help compito (X End-of-Chapter Exercise 21 Consider a coupon bond that has a par value of $1.200 and a coupon rate of 5%.

8. please help

compito (X End-of-Chapter Exercise 21 Consider a coupon bond that has a par value of $1.200 and a coupon rate of 5%. The bond is currently selling for $1,178.00 and has 2 years to maturity. What is the band's yonid to matunity (VTM The yield to maturity in x Round your response to one decimal place)

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