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Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,133.14. The bond has a coupon rate of 6.78 percent and

Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,133.14. The bond has a coupon rate of 6.78 percent and matures in 22 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Multiple Choice

4.67%
5.60%
3.11%
5.91%
6.22%

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