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The Jenny Z . Company currently has a bond outstanding with a coupon rate of 1 3 percent and semiannual payments. The bond is currently

The Jenny Z. Company currently has a bond outstanding with a coupon rate of 13 percent and semiannual payments. The bond is currently selling for $5,987.5. The bond matures in 11 years and has a par value is $5,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds?
5.00%
20.00%
21.29%
10.00%
8.44%
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