The market price of a semi-annual pay bond is $968.04. It has 19.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the yield to maturity?
Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

Q&A Education