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

A $6\mathrm{.}30$ percent coupon bond with $16$ years left to maturity is offered for sale at $$977\mathrm{.}12.$ What yield to maturity is the bond offering?

$($Assume interest payments are semlannual.$)$

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

Yield to maturity

$\%$