Broke benjamin co. has a bond outstanding that makes semiannual payments with a coupon rate of 6.2 percent. the bond sells for $1,020.37 and matures in 18 years. the par value is $1,000. what is the ytm of the bond? (a) 4.51%(b) 3.01%(c) 5.71%(d) 6.01%(e) 5.41%

The answer is c

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