What is the yield to maturity of a bond with the following characteristics? Coupon rate is 8% with semi-annual payments, current price is $960, three years until maturity.
A)4.78%
B)5.48%
C)9.57%
D)12.17% Using the BAII Plus calculator:

Question

Quizplus · Accepted Answer

The yield to maturity (YTM) is calculated using the bond's current price, coupon payments, and time to maturity. For a bond with a semi-annual coupon rate of 8%, a current price of $960, and three years to maturity, the YTM is approximately 9.57%.

What Is the Yield to Maturity of a Bond with the Following