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Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $398.80. The bonds have a face value of $1,000, a coupon rate of 1%

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

$398.80.

The bonds have a face value of

$1,000,

a coupon rate of

1%

with coupons paid semiannually, and they mature in

20

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

The yield to maturity of the bonds is ?????????????????/

(Round

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