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asap The Sparkle Company (SPAC) has a bond outstanding that makes semiannual payments with a coupon rate of 7 percent. The bond sells for $1108.32

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The Sparkle Company (SPAC) has a bond outstanding that makes semiannual payments with a coupon rate of 7 percent. The bond sells for $1108.32 and matures in 17 years. The par value is $1000. What is the effective annual yieid (EAY) of the bond? 5.98% 5.47% 3.048 12.84% 6.07%

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