6-In 1998 Fischer Corp issued bonds with an 8 percent coupon rate, payments made semi annually, and a $1,000 face value. The bonds mature on March 1, 2023. If an investor purchased one of these bonds on March 1, 2010, determine the yield to maturity if the investor paid $1,100 for the bond.

6-In 1998 Fischer Corp issued bonds with an 8 percent coupon rate, payments made semi annually, and a $1,000 face value. The bonds mature on March 1, 2023. If an investor purchased one of these bonds on March 1, 2010, determine the yield to maturity if the investor paid $1,100 for the bond