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6 A bond that currently sells for $713.25 has 20 years to maturity and pays a 3.5% coupon annually. What is this bond's YTM? Hint:

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6 A bond that currently sells for $713.25 has 20 years to maturity and pays a 3.5% coupon annually. What is this bond's YTM? Hint: The correct answer rounds to either .00 or .50. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. nts 01:20:17 Numeric Response

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