Crossfade Corp. has a bond with apar value of $2,000 that sells for $2,110.04. The bond has
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Question:
Crossfade Corp. has a bond with apar value of $2,000 that sells for $2,110.04. The bond has a coupon rate of 6.75 percent and matures in 21 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
A. 3.14%
B. 5.96%
C. 6.27%
D. 5.65%
E. 4.71%
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