Question: You have a 9 - year bond, with $ 1 , 0 0 0 face value, 6 . 5 0 % coupon rate, and semiannual

You have a 9-year bond, with $1,000 face value, 6.50% coupon rate, and semiannual coupon payments. It is currently trading at a price of $967.026. Which of the options below corresponds to this bond's yield to maturity (in APR)?
Hint: You can solve this by trial and error using the bond pricing formula and entering the possible interest rates per period "r" derived from the options provided below (Note that the answers below are APR).
VTM=4.20% APR
rTM=7.00%APR
 You have a 9-year bond, with $1,000 face value, 6.50% coupon

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