Yield to maturity The Salem Company bond current cells for $35.01, has a coupon interest rate of 9% and a $1000 par value, pays interest annualy, and has 15 years to maturity Calculate the yield to maturity (YTM) on this bond. b. Explain the relationship that exists between the coupon Interest rate and yield to maturity and the par value and market value of a bord, The yield to maturity on this bond in % (Round to three decimal places) b. Explain the relationship that exists between the coupon Interest rate and yield to maturity and the par value and market value of a bond (Belect the best answer below) OA The market value of the bond approaches its par value as the time to maturity decines. The yield to maturity approaches the coupon interest rate as the time to malurty dedines OB. The market value of the bond approaches its par visue as the time to mananity increases. The yield to maurity approaches the coupon Interest rate as the time to maturtydecines OC. The market value of the bond approaches its par value as the sme to maturity declines. The yield to maturity approaches the coupon Interest rate as the time to maturity increases D. 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 increase