Question: please help me solve. if finance calc is used, please show those details Yield to maturity The Salem Company bond currently sells for $1,138.93, has

please help me solve. if finance calc is used, please show those details

Yield to maturity The Salem Company bond currently sells for $1,138.93, has a coupon interest rate of 17% and a $1000 par value, pays interest annually, and has 13 years to matury, 3. Calculate the yold 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) 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. (Select the best answer below) OA. The market value of the bond approaches its par value as the time to maturity declines. The yield to maturity approaches the coupon Interest rate as the time to maturity increase OB. The market value of the bond approaches its par value as the time to maturity declines. The yield to maturity approaches the coupon interest rate as the time to maurity declines OC. The market value of the bond approaches its par value as the time to maturity increases. The yield to maturity approaches the coupon interest rate as the time to maturity increases OD. The market value of the bond approaches its par value as the time to maturity increases. The yield to maturity approaches the coupon interest rate as the time to maturity decline

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