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Germantown bonds have a par value of $1,000 and a price of $1,027. The coupon rate is 7%, and the bonds mature in 9 years.

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Germantown bonds have a par value of $1,000 and a price of $1,027. The coupon rate is 7%, and the bonds mature in 9 years. What is the yleld-to-maturity? Assume coupons are paid semi-annually. Enter your answer as an annualized rate in decimal form, showing four decimal places. That is, if your answer is 4.55%, enter 0455 . Type your

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