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A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bonds YTM? Hint:

A bond with 25 years to maturity currently sells for $808.25. If the bond pays a 4.5% coupon annually, what is this bonds 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 15.39.

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