Question: I got YTM=5.453 it says its wrong.. please solve Score: 0 of 1 pt 5 of 6 (1 complete) HWScore: 16.67%, 1 .. P6-21 (book/static)

I got YTM=5.453 it says its wrong.. please solve

Score: 0 of 1 pt 5 of 6 (1 complete) HWScore: 16.67%, 1 .. P6-21 (book/static) Question Help Yield to maturity The Salem Company bond currently sells for $867.59, has a coupon interest rate of 6% and a $1000 par value, pays interest annually, and has 15 years to maturity a. Calculate the yield to maturity (YTM) on this bond b. Explain the relationship that exists between the coupon interest rate and yield to maturity and the par value and market value of a bond. a. The yield to maturity on this bond is [ (Round to three decimal places.) %. ..! .. 1.1-./ :/ (u). Wore I, Enter your answer in the answer box and then click Check Answer part use prt scdelete home pgup pgdnend sysrqinse 9 0 backspacenum Ik scr Ik O P home pgup

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