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On November 9 of last year the market price of Pembroke Company's 10 percent coupon, 11 years to maturity bonds was $1,213.17. The coupon interest

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On November 9 of last year the market price of Pembroke Company's 10 percent coupon, 11 years to maturity bonds was $1,213.17. The coupon interest is paid semiannually, and the par value is equal to $1,000 ("Slap it DOWN!). What was the Yield To Maturity (stated as an annual rate) if the bonds mature 11 years from that date

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