Question: The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 0 0 0 that reaches maturity in 1 0 years.

The Sisyphean Company has a bond outstanding with a face value of $ 1 comma 000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 8.8% and that the coupon payments are to be made semiannually.
Assuming that this bond trades for $ 929, then the YTM for this bond is closest to:
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Part 1
A.
11.9%
B.
13.9%
C.
9.9%
D.
7.9%

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