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Consider a Coupon Bond with a Face Value of $1,000 that matures in fifteen years, and pays 4.92% semi-annual coupons. If the bond is currently
Consider a Coupon Bond with a Face Value of $1,000 that matures in fifteen years, and pays 4.92% semi-annual coupons. If the bond is currently selling for $951.08, what is the (APR) Yield-to-Maturity (YTM) on the security? (The answer is a percent, round your answer to two decimal places, e.g. 4.75)
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