Apple (AAPL) wants to refinance its bonds. If It issues $1,000 principal bonds. What YTM will they get if the bonds could be sold for $1,100 in the open market, 2.3% coupon payment, paid annually, for 25 years?

2.3%

1.2%

1.8%

5.5%

What would be the YTM for the Apple bonds above if the price of the bond was $1,000?

Group of answer choices

2.3%

1.8%

1.6%

1.4%