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What is the approximate yield to maturity (YTM) for a $1,000 (M) bond that is currently selling for $1,100 (Bo) that matures in 5 years

What is the approximate yield to maturity (YTM) for a $1,000 (M) bond that is currently selling for $1,100 (Bo) that matures in 5 years and has a coupon rate (i) of 10% .

A. 12.5%

B. 7.6%

C. 10.0%

D. 13.6%

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