Question: Andy is considering purchasing a 12-year bond that is selling for $1,300. What is the YTM for this bond if it has an 8% coupon,

Andy is considering purchasing a 12-year bond that is selling for

Andy is considering purchasing a 12-year bond that is selling for $1,300. What is the YTM for this bond if it has an 8% coupon, paid semiannually? a. 4.63% b. 4.68% C. 4.70% d. 4.72%

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