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Crossfade Co, issued 17-year bonds two years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments. Required: If these bonds currently

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Crossfade Co, issued 17-year bonds two years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments. Required: If these bonds currently sell for 97 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

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