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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principat to be paid at maturity.

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Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principat to be paid at maturity. The bonds are currently selling for $920. They have 10 years to maturlty. Annual interest is 12 percent (\$120), paid semiannually. Compute the yield to maturity. (Do not round intermediate colculotion. Use a Financial calculator to orrive at the answers. Round the final onswer to 2 decimal places.) neld to maturity \%

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