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A bond has face value of $100 and coupon rate of 8%. This bond pays...

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Finance

A bond has face value of $100 and coupon rate of 8%. This bond pays coupons semi-annually. The remaining maturity of the bond is 1 years. Annual interest rate is 10% and we expect that the interest rate does not change over time. Today is the date of its coupon payment so that we do not need to consider accrued interest. The current price of this bond is $90. What is the YTM? Group of answer choices 19.48% 9.74% 18.76% 9.38%

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