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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $962.62 and matures

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Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.7 percent. The bond sells for $962.62 and matures in 13 years. The par value is $1,000. What is the YTM of the bond? Multiple Choice - 4.59% 5.82% 6.12% 5.51% 3.06%

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