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There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the

There is a bond that has a quoted price of 98.613 and a par value of $2,000. The coupon rate is 6.66 percent and the bond matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

Multiple Choice

  • 6.12%

  • 3.43%

  • 3.40%

  • 5.10%

  • 6.79%

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