Consider an opportunity to purchase a bond for $825 (present value). If the coupon rate is 6% ($60/year), the face value is $1000 (future value), and there are 5 years until maturity, what is the YTM? 8.8% 9.3% 10.7% 11.1%

Consider an opportunity to purchase a bond for $825 (present value). If the coupon rate is 6% ($60/year), the face value is $1000 (future value), and there are 5 years until maturity, what is the YTM?

8.8%

9.3%

10.7%

11.1%

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