WHAT IS THE YIELD TO MATURITY FOR A BOND PAYING $100 COUPON ANNUAL...

12. What is the yield to maturity for a bond paying $100 coupon annually that has

six years until maturity and sells for $1,074.22? The bond has a face value of

$1,000 and pays semi-annual coupons.

A) 4.20 percent

B) 4.66 percent

C) 8.40 percent

D) 9.31 percent