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a. The bond's yield to maturity if the bond pays interest annually is %. (Round to three decimal places.) b. The bond's yield to maturity
a. The bond's yield to maturity if the bond pays interest annually is %. (Round to three decimal places.) b. The bond's yield to maturity if the bond paid interest semiannually would be %. (Round to three decimal places.) c. Based on the findings in parts a and b, which of the following statements is correct? (Select the best choice below.) A. Other things being equal, the YTM is the same for both an annual bond and a semiannual bond if the bond is selling at a premium. B. Other things being equal, the YTM is higher for a semiannual bond than an annual bond if the bond is selling at a discount. C. Other things being equal, the YTM is the same for both an annual bond and a semiannual bond if the bond is selling at a discount. D. Other things being equal, the YTM is higher for an annual bond than a semiannual bond if the bond is selling at a discount
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