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A 7-year maturity bond with par value $10,000 is selling for $8,440. The coupon rate is 3.0% and it pays coupons semi-annually (twice per year).

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A 7-year maturity bond with par value $10,000 is selling for $8,440. The coupon rate is 3.0% and it pays coupons semi-annually (twice per year). The next coupon will be paid in 6 months. What is its yield to maturity? 2.80% 3.00% O 5.74% 6.77% 12.92% O 13.11%

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