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3 You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in sixteen years, and pays 3,85% (annual)

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3 You are considering the purchase of a Coupon Bond with a Face Value of $1,000, which matures in sixteen years, and pays 3,85% (annual) coupons. If the bond is trading in the market at $92165, what is the Yield-to-Maturity (YTM) on the investment? (The answer is a percent, round your answer to two decimal places, eg 475)

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