Question: Bud is considering purchasing an 8 - year bond that is selling for $ 7 0 0 . What is the YTM for this bond

Bud is considering purchasing an 8-year bond that is selling for $700. What is the YTM for this bond if it has a 6% coupon, paid semi-annually?
Group of answer choices
11.92%.
12.32%.
12.05%.
12.27%.

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