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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.3 percent. The bond sells for $1,031.92 and matures

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.3 percent. The bond sells for $1,031.92 and matures in 19 years. The par value is $1,000. What is the YTM of the bond?

Multiple Choice

3.01%
4.51%
5.41%
6.02%
5.72%

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