Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 12) A 8% semiannual coupon bond matures in

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

12) A 8% semiannual coupon bond matures in 8 years. The bond has a face value of $1,000 and a current yield of 8.5%. What is the YTM?

9.05%

8.76%

4.25%

4.95%

7.25%

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