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$10$

Broke Benjamin Company has a bond outstanding that makes semiannual payments with a coupon rate of $5\mathrm{.}6$ percent. The bond sells for $$958\mathrm{.}56$ and matures in $20$ years. The par value is $$1,000.$ What is the YTM of the bond?

Multiple Choice

$5\mathrm{.}96\%$

$5\mathrm{.}36\%$

$2\mathrm{.}98\%$

$5\mathrm{.}66\%$

$4\mathrm{.}47\%$

Mc

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