Question: Question 19 (1 point) New Eastern Inc. issued 15-year bonds 10 years ago (from today) with 8% coupon rate. The bond makes semiannual payments and

Question 19 (1 point) New Eastern Inc. issued 15-year bonds 10 years ago (from today) with 8% coupon rate. The bond makes semiannual payments and has a par value of $1,000. Since the issuing date the market interest rate has decreased to 6%. What is the YTM? 8% 4% 3% None of the answers is correct 6%

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