Martha Henry is looking to invest in a four year bond from Hall of Pain Productions Corporation. The company makes annual coupon payments of $100.00 with a face value of $1,000. If the market price of the bonds is $1,035.00, what yield to maturity will Martha earn?

Submit

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))