Determine whether the yield to maturity of a 6.5% 20-year bond that pays interest semi annually and

Question:

Determine whether the yield to maturity of a 6.5% 20-year bond that pays interest semi annually and is selling for $90.68 is 7.2%, 7.4%, or 7.8%.

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...