Exactly one year ago, Sally purchased a $100.00 face value bond that pays a semiannual coupon with a coupon rate of 9.0% per annum. When she purchased the bond, it had a maturity of 10.0 years and its yield to maturity (YTM; aka, yield) was 6.00%. If the bond's price today happens to be unchanged from one year ago (when she purchased the bond), which of the following is nearest to the bond's yield (yield to maturity) today?
Exactly one year ago, Sally purchased a $100.00 face value bond that pays a semiannual coupon with a coupon rate of 9.0% per annum. When she purchased the bond, it had a maturity of 10.0 years and its yield to maturity (YTM; aka, yield) was 6.00%. If the bond's price today happens to be unchanged from one year ago (when she purchased the bond), which of the following is nearest to the bond's yield (yield to maturity) today? A.5.57%; B.5.78%; C.6.00%; D.6.22%