Crossfade Co. issued 16-year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments.

Crossfade Co. issued 16-year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments Required If these bonds currently sell for 114 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Yield to maturity