3. PK Software has 7.5% coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 97% of par. What is YTM on PK's bonds? (Note: To find YTM, you need to use a trial and error method. Please try one number and solve for the bond price. Then, you can simply tell me if the YTM should be higher or lower than the number that you guess.)