Problem $7-7$ Bond Yields $[$LO$2]$

Ashburn Corporation issued $10-$year bonds two years ago at a coupon rate of $7\mathrm{.}2$

percent. The bonds make semiannual payments. If these bonds currently sell for $102$

percent of par value, what is the YTM$?($Do not round intermediate calculations and

enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

YTM