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Problem 7-27 Yield to Maturity (LG7-6) A 7.65 percent coupon bond with 16 years left to maturity is offered for sale at $1,030.00. What yield

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Problem 7-27 Yield to Maturity (LG7-6) A 7.65 percent coupon bond with 16 years left to maturity is offered for sale at $1,030.00. What yield to maturity is the bond offering? (Assume interest payments are semiannual) (Round your answer to 2 decimal places.) Yeld to maturity

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