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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.5 percent. The bond sells for $938.52 and matures

Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.5 percent. The bond sells for $938.52 and matures in 11 years. The par value is $1,000. What is the YTM of the bond?

Multiple Choice

3.14%
4.71%
6.28%
5.97%
5.65%

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