A government bond has an $8\%$ coupon, paid annually, and is priced to have a YTM of $10\%.$ What would most likely happen to the YTM if the price and the other bond characteristics remained the same, except that the coupon payments were paid semi$-$annually instead of annually?

Group of answer choices

The YTM would increase above $10\%.$

The YTM would decrease below $10\%.$

It cannot be determined without knowing the price of the bond.

The YTM would remain $10\%.$