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PE CHOICE. Choose the one alternative that best completes the statement or answers the question. 2) What is the yield to maturity of a nine-year

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PE CHOICE. Choose the one alternative that best completes the statement or answers the question. 2) What is the yield to maturity of a nine-year bond that pays a coupon rate of 20% per year, has a $1,000 par value, and is currently priced at \$1,407? Assume annual coupon payments. A) 6.14% B) 12.28% C) 21.81% D) 11.43%

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