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True/False: The geometric average will always be less than or equal to the arithmetic average. True False QUESTION 6 Given the following, calculate the YTM

True/False: The geometric average will always be less than or equal to the arithmetic average.

		True
		False

QUESTION 6

Given the following, calculate the YTM of the following bond that pays semi-annual coupons.

Price (% of par): 95.60%

Face Value: 1,000

Annual coupon rate: 6%

Coupon frequency: Semi-annual

Years: 10

		6.61%
		8.05%
		7.35%
		3.55%

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