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The Treasury plans to issue a 2-year maturity coupon bond, paying coupons once per year with a coupon rate of 9%. The bond has a
The Treasury plans to issue a 2-year maturity coupon bond, paying coupons once per year with a coupon rate of 9%. The bond has a face value of $1,000 but is selling at a price of $1,018.6. Its yield to maturity (YTM) is
A. 9.00%
B. 4.50%
C. 9.20%
D. 7.96%
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