you are given the following information about a bond: it is a $1,000 par value, newly issued 15- year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $913. Of the following four choices, which one is the YTM of the bond? NOTE PLEASE DO THIS MANUALLY WITHOUT EXCEL AND USE THE FORMULA P=CPNx1/y(yield to maturity)(1-1/(1+y))+FV/(1+y)^n

a.4.0%

b.6.0%

c. 7.0%

d.8.0%