The City of Chicago issued a $1,000, 10 year bond paying 4% interest. Coupon payments are paid semi-annually. After 4 years the bond is trading at 96. What is the current yield to maturity for the bond? 3.84% 2.39% 4.77% 4.17% A zero coupon bond is less valuable than coupon paying bonds, so they are always cheaper to buy True HTM False d N a