A bond sells for $894.17 and has a coupon rate of 6.20 percent. If the bond has 13 years until maturity, what is the yield to maturity of the bond? Assume semiannual compounding.

Chapter 10: Problem solving Ii 3 Saved A bond sells for $894.17 and has a coupon rate of 6.20 percent. If the bond has 13 years until maturity, what is the yield to maturity of the bond? Assume semiannual compounding. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. N points Yield to maturity % eBook Print References Help Save & Exit Submit Check my work