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A bond that currently sells for $808.25 has 25 years to maturity and pays a 4.5% coupon annually. What is this bonds YTM? Hint: The

A bond that currently sells for $808.25 has 25 years to maturity and pays a 4.5% coupon annually. What is this bonds 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.

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