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A bond with 20 years to maturity currently sells for $713.25. If the bond pays a 3.5 coupon annually, what is this bond's YTM? Hint:

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A bond with 20 years to maturity currently sells for $713.25. If the bond pays a 3.5 coupon annually, what is this bond's YTM? Hint: The correct answer will round to 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 1539 Numer Response

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