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Given the following, what is the yield to maturity of a corporate bond with the following characteristics: Risk-free interest rate = 2.1% Expected inflation rate

Given the following, what is the yield to maturity of a corporate bond with the following characteristics:

  • Risk-free interest rate = 2.1%
  • Expected inflation rate = 4.6%
  • Real rate of return = 6.7%
  • Default rate premium = 5.1%
  • Liquidity risk premium = 3.2%
  • Maturity risk premium = 2.6%

Enter your answer as a percent rounded to 1 decimal place, but do not include the percent sign in your answer. For example, record 3.28% as 3.3.

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