1.) A bond is selling for 105% of par, has a coupon rate of 7%, and will mature in five years. There are annual coupon payments. Calculate the yield-to-maturity on an annualized basis. a) 5.82% b) 7% c)6% d)6.44%

A bond is selling for 105% of par, has a coupon rate of 7%, and will mature in five years. There are annual coupon payments. Calculate the yield-to-maturity on an annualized basis 5. 824 ; 7% 6% 6.44%