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1 8 - Footsteps Company has a bond outstanding with a coupon rate of 5 . 5 percent and annual payments. The bond currently sells

18- Footsteps Company has a bond outstanding with a coupon rate of 5.5 percent and annual payments. The bond currently sells for $1,043.27, matures in 19 years, and has a par value of $1.000. What is the YTM of the bond?
a)5.50%
b)5.27%
c)5.14%
d)4.28%
e)4.62%

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