Footsteps Co. has a bond outstanding with a coupon rate of 5.3 percent and annual payments. The bond currently sells for $1,008.47, matures in 17 years, and has a par value of $1,000. What is the YTM of the bond? < The Bond-Pricing Equation 1 Bond Value = C (1+ YTM)* YTM F + (1+ YTM) PV(Annuity) PV(lump sum) C = Coupon payment; F = Face value < Enter 17 < YTM < N < I/Y -$1,008.47 < PV $53 $1,000 PMT FV Solve for 2 YTM