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You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield

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You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.50%. What is its yield to maturity? The bond has 5 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). 15.92% 14.79% 13.40% 15.30% 14.60%

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