Question: i need help it urgent Question 17 (Marks: 2) Assuming an annual market rate of 6.4% over all maturities and a face value of a

i need help it urgent i need help it urgent Question 17 (Marks: 2) Assuming an annual

Question 17 (Marks: 2) Assuming an annual market rate of 6.4% over all maturities and a face value of a bond of $1,000. The current yield of the bond with a coupon rate of 8.6%, paying semi-annual coupons, with 8 years to maturity is (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.) Select one: a. 7.53% b. 7.57% c. 9.87% d. 5.63% e. 5.6% .6.4% 8.6%

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