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What is the annual yield of a 7-year, 4.5% semi-annual coupon-paying bond priced today at $1,235? Par is $1,000. 10 11 12 13 14 15

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What is the annual yield of a 7-year, 4.5% semi-annual coupon-paying bond priced today at $1,235? Par is $1,000.

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10 11 12 13 14 15 16 17 18 19 CF Coupon Par Start 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 7.0 Yield

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