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Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,994.54. The...

Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,994.54. The bond has a coupon rate of 6.60 percent and matures in 16 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

  • 5.97%

  • 6.30%

  • 3.31%

    Incorrect

  • 4.97%

  • 6.63%

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