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JamesBond Corporation issued 15-year bonds two years ago. The coupon rate on these bonds is 7.6 percent. The bonds make semiannual coupon payments. Today you

image text in transcribed JamesBond Corporation issued 15-year bonds two years ago. The coupon rate on these bonds is 7.6 percent. The bonds make semiannual coupon payments. Today you can buy each of these bonds for 106 percent of par value. Calculate the YTM. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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