The Sisyphean Company has a bond outstanding with a face value of? $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is? 8% and that the coupon payments are to be made semiannually.
Assuming that this bond trades for? $903, then the YTM for this bond is closest? to:
A. ?6.8%
B. ?9.9%
C. ?9.2%
D. ?8.0%