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1 pts Smackdown Inc. has a bond outstanding with a 6% annual coupon rate, a market price of $1,050, and a face value of $1,000.

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1 pts Smackdown Inc. has a bond outstanding with a 6% annual coupon rate, a market price of $1,050, and a face value of $1,000. If the bond matures in 3 years and interest is paid on a semi-annual basis, what is the annual YTM? Assume the next coupon payment will occur in 6 months. Choose the range that includes the correct answer. O The YTM is less than 3%. O The YTM is equal to or greater than 3% but less than 4%. O The YTM is equal to or greater than 4% but less than 5%. O The YTM is equal to or greater than 5% but less than 6%. O The YTM is equal to or greater than 6%

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