4.4. CALCULATING THE PROMISED YTM In 2005, the Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are currently selling for 108.126 percent, or $1,081.26, per bond and pay a semiannual interest payment based on a 7.25% (annual) coupon rate of interest. Assuming that the bonds remain outstanding until maturity and the company makes all promised interest and principal payments in a timely basis, what is the yield to maturity to the bondholders