10.

A corporate bond has a face value of $1,000, and pays a $105 coupon semiannually (that is, the bond has a 21 percent coupon). The bond matures in 20 years and sells at a price of $1,206. What is the bond's nominal yield to maturity? O 16.30% O 17.80% O 17.30% O 15.80% O 16.80%

A corporate bond has a face value of $1,000, and pays a $105 coupon semiannually (that is, the bond has a 21 percent coupon). The bond matures in 20 years and sells at a price of $1,206. What is the bond's nominal yield to maturity? 16.30% 17.80% 17,30% 15.80% 16.80%