*****************box option are number from 0 1 2 3 4 5 6 7 8 9 *********************

Question 19 12.5 (CHAPTER 7) ILoveBonds Corporation issued 20-year bonds. The coupon rate on these bonds is 8.4 percent. The bonds make semiannual coupon payments. Today you can buy each of these bonds for $1,070. Calculate the yield to maturity. In this problem, the yield to maturity is solved the easiest using the financial calculator. I will need to use for "N" (number of coupons) and for "PMT" (coupon). In this problem, my numerical answer for the yield to maturity is %. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 1.23.) This bond is known as... # (Choose the number from the list below that corresponds to your answer.) #1 ...bond that sells at par #2 ...discount bond #3 ...premium bond