A bond with a 12% coupon, 10 years to maturity and selling at 78 has a yield to maturity of (selling at 78 means that the par value of the bond is $1,000 and the bond is currently selling for $780.): O between 10% and 12%. over 12%.

A bond with a 12% coupon, 10 years to maturity and selling at 78 has a vield to maturity of (selling at 78 means that the par value of the bond is 51,000 and the bond is eurrently selling for $780 ): between 10x and 12% awer 19k