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Problem 7-27 Yield to Maturity (LG7-6) A 7.25 percent coupon bond with 19 years left to maturity is offered for sale at $1,065.30. What yield

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Problem 7-27 Yield to Maturity (LG7-6) A 7.25 percent coupon bond with 19 years left to maturity is offered for sale at $1,065.30. What yield to maturity is the bond offering? (Assume interest payments are semiannual ) (Round your answer to 2 decimal places.)

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