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What is the yield to maturity of a $1,000 par-value bond with a 10% coupon rate, semiannual coupon payments, and 9 years to maturity if

What is the yield to maturity of a $1,000 par-value bond with a 10% coupon rate, semiannual coupon payments, and 9 years to maturity if the bond currently sells for $900?

  • 5.92%
  • 10.00%
  • 9.26%
  • 11.84%
  • 4.63%

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