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A bond with a face value of $1000 and 14 years remaining until maturity pays a coupon rate of 896. Calculate its yield to maturity

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A bond with a face value of $1000 and 14 years remaining until maturity pays a coupon rate of 896. Calculate its yield to maturity if the current price for the bond is $1100. Round answer to two decimals in percentage. For cash outflows, make sure you input the values with a negative sign. DO NOT input $, commas, or percentage signs. PNY Ichy. N- ; PV = PMT - : FV 1/Y

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