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A Japanese company has a bond outstanding that sells for 94 percent of its M100,000 par value. The bond has a coupon rate of 6.1

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A Japanese company has a bond outstanding that sells for 94 percent of its M100,000 par value. The bond has a coupon rate of 6.1 percent paid annually and matures in 17 years. What is the yield to maturity of this bond? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity 16

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