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JBP Corporation issued bonds on January 2, 2016. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face value of the

JBP Corporation issued bonds on January 2, 2016. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 2, 2031. What is the yield to maturity for a JBP Corporation bond on January 2, 2022 if the market price of the bond on that date is $950? Group of answer choices 6.23% 10.50% 8.43% 5.50%

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