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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,930.36. The bond has a coupon rate of 6.96 percent and

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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,930.36. The bond has a coupon rate of 6.96 percent and matures in 22 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? Multiple Choice Skipped 6.92% eBook 5.46% 6.55% 3.64% 7.28%

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