An 8-year semi-annual coupon bond with a face value of $1,000 was issued at par 3 years ago. The yield to maturity (YTM) when this bond was issued was 6%. What is the yield to maturity (YTM) if the current price of the bond is $987.48? Note: Please retain at least 4 decimal places in your calculations and choose the closest option. O a. 6.00% O b. 3.15% O c. 6.20% O d. 3.10% e. 6.30% Rank the interest sensitivity of the following from the least sensitive (to an interest rate change) to the most sensitive. 1. 10-year bond with 7.5% coupon rate (payable semi-annually) and YTM = 5% EAR II. 10-year bond with 7.6% coupon rate (payable annually) and YTM = 5% EAR. III. 11-year bond with 7.5% coupon rate (payable annually) and YTM = 3% EAR. O a. III, 1, 11 O b. III, II, 1 O c. I, III, 11 O d. II, III, 1 O e