A new series of bonds have a 10-year maturity, an Semi-annual coupon of $41, and a par value of $1,000. They currently sell for $1,060. What is their yield to maturity?

Please express answer as X.XX% or .XXXX and use rounding guideline included in "Course Information" module. Do not round until the final result.

A new series of bonds have a 10-year maturity, an Semi-annual coupon of $41, and a par value of $1,000. They currently sell for $1,060. What is their yield to maturity? Please express answer as XXX\% or . XXXX and use rounding guideline included in "Course Information" module. Do not round until the final result