Question: You are interested in purchasing a bond from ExAm Solutions. The bond had a 40 year maturity when it was issued, which was 10 years

You are interested in purchasing a bond from ExAm Solutions. The

You are interested in purchasing a bond from ExAm Solutions. The bond had a 40 year maturity when it was issued, which was 10 years ago. Its face value was $1,000. The bond pays quarter interest at an 8% coupon rate. The bond currently trades at a price of $950, what is the YTM O a. .0222 O b. .092 O c. .0889 O d. 0846 O e. A different value

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