Business, 06.08.2021 22:40 zesk

Par Value $ 1,000 Time to Maturity 18 Years
Coupon 9 % (paid annually)
Current price $ 917.99
Yield to Maturity 12 %
Given the bond described above, if interest were paid semi-annually (rather than annually) and the bond continued to be priced at $917.99, the resulting effective annual yield to maturity would be
a. less than 10%.
b. more than 10%.
c. 10%.
d. Cannot be determined.

Answers: 1

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Par Value $ 1,000 Time to Maturity 18 Years
Coupon 9 % (paid annually)
Current price $...