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Consider a corporate bond with a 1 0 . 5 % coupon rate, paid semi - annually, $ 1 0 0 0 par value and

Consider a corporate bond with a 10.5% coupon rate, paid semi-annually, $1000 par value and a current market price of $1138.01. It matures in exactly 20
years. What is the yield to maturity (YTM) on this bond?
A.4%
B.4.5%
C.5%
D.5.5%
E.6%
F.6.5%
G.7%
H.7.5%
I. 8%
J.8.5%
K.9%
L.9.5%
M.10%
N.10.5%
O.11%
P.11.5%
Q.12%
R.12.5%
S.13%
T.13.5%
U.14%
V.14.5%
W.15%
X.15.5%
Y.16%
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