you just purchased a $1,000 par bond with a 6 semi-annual coupon and 15 years to maturity at par. You are hoping that intrests rates fall and that you will be able to sell the bond in seven years at a price $1,200. What will the yield to maturity of the bond have to be to het the price you want in seven years?

You just purchased a $1,000 par bond with a 6% semi-annual coupon and 15 years to maturity at par. You are hoping that interest rates fall and that you will be able to sell the bond in seven years at a price $1,200. What will the yield to maturity of the bond have to be to get the price you want in seven years? A. 3.15% OB. 4.19% OC.4.55% OD. 1.57%