Question: DMC Inc. is planning to issue a $1,000 face-value bond with an annual coupon rate of 10% that matures in 20 years. DMC is planning

DMC Inc. is planning to issue a $1,000 face-value bond with an annual coupon rate of 10% that matures in 20 years. DMC is planning to pay semi-annual interest payments. Similar DMC bonds are quoting at 95% of par. What is yield to maturity for this bond? 5.3% 11.2% 7.5% 10.6% None of the above

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