Question: QUESTION 8 A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond

QUESTION 8

  1. A bond with $1000 par value, has a coupon rate of 7.75% with semi-annual coupon payments and 14 years of maturity. The bond is selling for $876.45 in the market. What is the YTM of this bond?

6.58%

9.90%

8.04%

9.35%

7.34%

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