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On 15 August 1996, the U.S. Treasury issued a bond maturing on 15 February 2026. The bond has a coupon rate of 6%, payable semiannually

On 15 August 1996, the U.S. Treasury issued a bond maturing on 15 February 2026. The bond has a coupon rate of 6%, payable semiannually on 15 February and 15 August. If a $100 face value bond is selling for $117.25 on 15 February 2020, compute the bonds yield to maturity.

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