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You are interested in purchasing a bond from ExAm Solutions. The bond had a 40 year maturity when it was issued, which was 10 years

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You are interested in purchasing a bond from ExAm Solutions. The bond had a 40 year maturity when it was issued, which was 10 years ago. Its face value was $1,000. The bond pays quarter interest at an 8% coupon rate. The bond currently trades at a price of $950, what is the YTM a. .0222 b. .0846 C. .092 d. .0889 e. A different value

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