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9. You are given the following information about a bond: it is a $1,000 par value, newly issued 15-year semiannual bond with a coupon rate

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9. You are given the following information about a bond: it is a $1,000 par value, newly issued 15-year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $1,098. Of the following four choices, which one is the YTM of the bond? a. b. c. d. 6.0% 7.0% 8.0% 9.0%

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