Problem $7-14$ Yield to Maturity $($LG$7-6)$

A $5\mathrm{.}50$ percent coupon bond with $18$ years left to maturity is offered for sale at $$965\mathrm{.}82.$ What yield to maturity is the bond offering? $($Assume interest payments are semiannual.$)$

Note: Round your answer to $2$ decimal places.

Yield to maturity