Question: Show work and use formulas if possible Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent.

Show work and use formulas if possible

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for $974.17 and matures in 14 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice 4.56% 6.08% O 5.47% 3.04% O O 5.77%

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