Consider a coupon bond that has a par value of $$1,200$ and a coupon rate of $8\%.$ The bond

is currently selling for $$1,266\mathrm{.}94$ and has $2$ years to maturity. What is the bond's yield to

maturity $($YTM$)?$

The yield to maturity is

$\%.($Round your response to one decimal place.$)$