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Ashburn Corporation issued 15 -year bonds 2 years ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If these bonds currently

image text in transcribed Ashburn Corporation issued 15 -year bonds 2 years ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If these bonds currently sell for 115 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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