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A band issued by A5 Electronics makes semi-annual payments and has 6 years remaining until maturity. The interest payments are $40 each. The bond has

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A band issued by A5 Electronics makes semi-annual payments and has 6 years remaining until maturity. The interest payments are $40 each. The bond has a face value of $1000 and currently sells for $102380. What is the official Yield-to-Maturity on this bond? Go out three decimals-for example, write 7.2% as 072. Hint remember that Y-t-M is officially stated as an APR

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