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Consider a 15-year $1,000 par value bond that has 11 years remaining until it matures. The bond has an annual coupon rate of 4.5%. Coupons

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Consider a 15-year $1,000 par value bond that has 11 years remaining until it matures. The bond has an annual coupon rate of 4.5\%. Coupons are paid semi-annually, If you were to buy the bond todxy for $1,024,70, what would be the bonds yield to Maturity (YTM)? (Round your answer to the nearest one-hundredth of a percent. Do not enter the percentage symbol. For example, if your answer is 12.3456789%, enter 12.35. Do not worry if Canvas truncates trailing zeros.)

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