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4) There is a bond that has a quoted price of 98.137 and a par value of $2,000. The coupon rate is 7.14 percent and

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4) There is a bond that has a quoted price of 98.137 and a par value of $2,000. The coupon rate is 7.14 percent and the bond matures in 16 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? A) 3.73% B) 7.34% C) 5.50% D) 3.67% E) 6.61% ma

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