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The Chauncey Company currently has a bond outstanding with a coupon rate of 10 percent and semiannual payments. The bond is currently selling for $976.42.

The Chauncey Company currently has a bond outstanding with a coupon rate of 10 percent and

semiannual payments. The bond is currently selling for $976.42. The bond matures in 14 years and

has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds?

20.52%

10.48%

10.32%

2064

5.16%

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