In 2016, a newspaper lists a Bond as AT&T 10s20 and its price as 105. What would be the approximate yield to maturity for this bond? Give a reason that why the yield is less than coupon rate? Supposed that if the yield to maturity increases to 11.5% what would be the price of the Bond, how is that valued - undervalued or overvalued in 2016? Assume the face of a Bond is OMR 100.

( 10s20 )

10 is coupon rate

and 2020 year , so when we minus 2020 from 2016 N will be 4 years