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Footsteps Co. has a bond outstanding with a coupon rate of 5.2 percent and annual payments. The bond currently sells for $1,012.50, matures in 16

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Footsteps Co. has a bond outstanding with a coupon rate of 5.2 percent and annual payments. The bond currently sells for $1,012.50, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice O 4.24% 5.20% O 5.14% 4.58% 5.08%

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