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(Yield to maturity) Fitzgerald's 25-year bonds pay 12 percent interest annually on a $1;000 par value: If the bonds sell at $815, what is the

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(Yield to maturity) Fitzgerald's 25-year bonds pay 12 percent interest annually on a $1;000 par value: If the bonds sell at $815, what is the bond's yield to maturity? What would be the yield to maturity if the bonds paid interest semiannually? Explain the difference: a. The bond's yield to maturity if the bond pays interest annually is \%. (Round to three decimal places.) b. The bond's yield to maturity if the bond paid interest semiannually would be 6. (Round to three decimal places:) c. Based on the findings in parts a and b, which of the following statements toccrect? (Select the best choice below.) A. Other things being equal, the YTM is the same for both an anmal bond and a semiannual bond if the bond is selling at a premium. B. Other things being equal, the YTM is higher for an annual bond than a semiannual bond it the bond is selling at a discount. C. Other things being equal, the YTM is the same for both an annual bond and a semiannual bond if tho bond is selling at a discount. D. Other things being equal, the YTM is higher for a semiannual bond than an annual bond if the bond is selling at a discount

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