Season’s Republic Inc. has a bond outstanding. This bond has a 9.5% coupon paid semiannually, and is selling in the market for $913.00 with 6 years remaining to maturity. What is the bond’s YTM?
a. 10.92%
b. 11.55%
c. 11.73%
d. 11.80%
Season’s Republic Inc. has a bond outstanding. This bond has a 9.5% coupon paid semiannually, and is selling in the market for $913.00 with 6 years remaining to maturity. What is the bond’s YTM?
a. 10.92%
b. 11.55%
c. 11.73%
d. 11.80%