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Now let's say that Bourdon Software has 11 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and

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Now let's say that Bourdon Software has 11 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 104 percent of par. What is the YTM? Enter your answer as a percentage, omit the "%"' sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)

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