Par Value Time to Maturity Coupon $1,000 15 Years 12% (paid annually) $1,152 Current price Yield to Maturity 10% Given the bond described above, if interest were paid semi-annually (rather than annually), and the bond continued to be priced at $1,152, the resulting new annual yield to maturity would be Multiple Choice more than 12% less than 10%. more than 10%, but less than 12%. None of the above options