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Consider a 30-year bond, with $1,000 par value, 6% semi-annual coupon bond. Suppose that the maturity of this bond is January 15, 2027, and you

Consider a 30-year bond, with $1,000 par value, 6% semi-annual coupon bond. Suppose that the maturity of this bond is January 15, 2027, and you are valuing the bond for settlement on April 20, 2007. The next coupon is due on July 15, 2007, and you will assume a 30E/360 day count basis. This convention assumes that all months have 30 days and that a year is 360 days.If either the start date or end date is the 31th, then it changes to 30th.

What is the YTM of this bond on the settlement date if the invoice price of the bond on the settlement date is $371.057? Please round your answers to three decimal places (e.g., 0.123 or 12.3%)

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