Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at

$781.91.

The bonds have a face value of

$1,000,

a coupon rate of

6.5%

with coupons paid semiannually, and they mature in

10

years. What is the yield to maturity of the bonds?

The yield to maturity of the bonds is

nothing%.

(Round to two decimal places.)