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On 1 1 ? 2 0 2 0 , Jetlag Corp. purchased 8 % bonds with a par value of $ 5 0 , 0

On 11?2020, Jetlag Corp. purchased 8% bonds with a par value of $50,000. The bonds
pay interest semiannually at the end of each period and mature on 12/31/2023. Jetlag
purchased the bonds for $43,790.21.
What is the ANNUAL yield (market rate) for these bonds? Enter your answer as number
without the percentage sign (e.g.,3.5% would be entered as "3.5").
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