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21. Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.6 percent. The bond sells for $958.56 and

21.

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.6 percent. The bond sells for $958.56 and matures in 20 years. The par value is $1,000. What is the YTM of the bond?

5.96%

2.98%

5.36%

5.66%

4.47%

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