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Find the Yield-to-Maturity (YTM) for the bond that has following parameters. Coupon Rate: 10 percent Time to Maturity: 5 years Coupon payment frequency: once a

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Find the Yield-to-Maturity (YTM) for the bond that has following parameters. Coupon Rate: 10 percent Time to Maturity: 5 years Coupon payment frequency: once a year Price of the bond: 95 percent of the face value Note that the bond price has been quoted as a percentage of the face value. You can assume any value for Par/Face value of the bond. YTM of the bond and therefore the answer to this question will not change and is independent of the face value you assume for this problem. If you are confused, you can simply assume the face value to be $1000 and proceed. (Do NOT include the \% sign. Enter your answer as a percent rounded to 2 decimal places, e.g. 12.13)

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