bud is considering purchasing an 8-year bond that is selling for $700. what is the ytm for this bond if it has a 6% coupon, paid semi-annually? assume a $1,000 par value. remember that your answer will be semi-annual and you will need to convert it to an annual rate. a. 12.14%. b. 12.05%. c. 11.92%. d. 12.17%.