Question: True/False: The geometric average will always be less than or equal to the arithmetic average. True False QUESTION 6 Given the following, calculate the YTM

True/False: The geometric average will always be less than or equal to the arithmetic average.

True

False

QUESTION 6

Given the following, calculate the YTM of the following bond that pays semi-annual coupons.

Price (% of par): 95.60%

Face Value: 1,000

Annual coupon rate: 6%

Coupon frequency: Semi-annual

Years: 10

6.61%

8.05%

7.35%

3.55%

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