Question: A bond priced at $ 1 , 1 0 0 . 6 7 has a coupon rate of 1 2 . 6 2 percent ,

A bond priced at $1,100.67 has acoupon rate of 12.62percent, par value of $1000, YTM of X percent, 19years until maturity, and semi-annual couponswith the next coupon expected in 6 months. What is X? Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter9.86 for 9.86%(do not enter .0986 or 9.86%). Round your answer to at least 2 decimal places.

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