Yield to maturity The bond shown in the following table pays interest annually (Click on the icon here in order to copy the contents of the ledd DIW into a spreadsheet) Par value Coupon Interest rate Years to maturity Current value $100 14% 9 $150 a. Calculate the yield to maturity (YTM) for the bond b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain a. The yield to maturity (YTM) for the bond is 1% (Round to two decimal places) b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain (Select the best answer below) O A The market value of the bond approaches its par value is the time to matunty declines. The yield to-maturity approaches the coupon interest rate as the time to maturity declines OB. The market value of the bond approaches its par value as the time to maturity increases The yield to maturity approaches the coupon interest rate as the time to maturity dochines OC. The market value of the bond approaches its par value as the time to maturity increases. The yield-to-matunty approaches the coupon interest rate as the time to maturity increases OD The market value of the bond approaches its par value as the time to matuny declines. The yield to maturity approaches the coupon interest rate as the time lo maturity increases