Question: What is the approximate yield to maturity for a $ 1 , 0 0 0 par value bond selling for $ 6 0 0 that

What is the approximate yield to maturity for a $1,000 par value bond selling for $600 that matures in 15 years and pays 7 percent interest semi-annually?
a.6.0%
b.3.6%
c.13.3%
d.12.1%
e.8.2%
f.8.9%
 What is the approximate yield to maturity for a $1,000 par

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