Shawna desires to invest her recent bonus in a 4-year bond which pays a coupon of 11 % semi-annually. The bonds are selling at $962.13 nowadays. When she buys such bond and holds it to the maturity, what would be her yield? (Round to the nearest answer.) (i) 11.5% (ii) 11.8% (iii) 12.5% (iv) 12.2%
Can someone help me in getting through this problem.