0 9. You are given the following information about a bond: it is a $1,000 par value, newly issued 15-year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $1,098. Of the following four choices, which one is the YTM of the bond? a. b. c. d. 6.0% 7.0% 8.0% 9.0% Although we cannot solve this problem without a financial calculator, using chapter 6 slides 2 know that this is a "premium" bond (i.e. trading at more than the $1,000 par value), so the YTM must be less than the coupon rate. 5-26, we