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Problem 10-5 Yield to Maturity (LO1, CFA5) A bond sells for $866.09 and has a coupon rate of 6.40 percent. If the bond has 14

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Problem 10-5 Yield to Maturity (LO1, CFA5) A bond sells for $866.09 and has a coupon rate of 6.40 percent. If the bond has 14 years until maturity, what is the yield to maturity of the bond? Assume semiannual compounding. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity %

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