A bond matures in 9 years The yield to maturity is 9.0% It currently sells at $900.00 Interest is paid on an annual basis. What is the approximate annual coupon interest rate on this bond? Use goal seek to find this rate. a. Annual Coupon Rate = 7.33% b. Annual Coupon rate = 8.76% c. Annual Coupon Rate =6.78% d. Annual Coupon rate = 7.68% QUESTION 6 Refer to the following information in order to answer Problems #6, #7, #8 The par value is $1,000.00 THe bond price is $895.00 The coupon rate is 9.60% Time to maturity is 2 years Probability of default is 30% Recovery rate is 35% DETERMINE THE YTM ON THE IBM BOND USING GOAL SEEK. a. YTM = 18.05% b. YTM = 16.15% c. YTM = 15.16% d. YTM = 17.16%