19. Tony's Pizzeria plans to issue bonds with a par value of $1,000 and 12 years to maturity. These bonds will pay $50 interest every 6 months. Current market conditions are such that the bonds will be sold to net $937.79. What is the YTM of the issue as a broker would quote it to an investor? Note that you must adjust PMT, I/Y, and N appropriately because the coupons are paid semiannually and that the L/Y answer from your calculator is not the annual YTM in this problem. a. 5.47% b. 10% Fv=100 c. 10.94% y+m=12 d. 8% PMt=50 e. 7%