Question $2$

The Olmsted Company has a bond outstanding with a face value of $$5000$ that reaches maturity in eight years. The bond certificate indicates that the stated coupon rate for this bond is $8\mathrm{.}2\%$ and that the coupon payments are to be made semiannually. Assuming that this bond trades for $$5585\mathrm{.}94,$ then the YTM for this bond is closest to $q,$

$8\mathrm{.}84\%$

$6\mathrm{.}31\%$

$5\mathrm{.}0\%$

$7\mathrm{.}57\%$