Assume that SHELL, Corp. Coupon bond currently sells for $5,800. Bond has a 5 year maturity, an annual coupon payment of $261, and a future value of $5,800. What is the promised yield to maturity on SHELL bond?
A) Calculate the promised YTM on the SHELL bond.
B) Explain your logic.
C) Create your own example to prove the logic you relied on in solving this problem (very basic calculations to make the point)