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Matthew Young bought 10 -year bonds issued by Harvest Foods five years ago for $932.75. The bonds make semiannual coupon payments at a rate of

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Matthew Young bought 10 -year bonds issued by Harvest Foods five years ago for $932.75. The bonds make semiannual coupon payments at a rate of 8.2 percent. If the current price of the bonds is $1,047.77, what is the yield that Matthew would earn by selling the bonds today? (Round answer to 2 decimal places, e.g. 15.25\%.) Effective annual yield %

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