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Problem 8 - 3 Bond Yields Asaburn Corporation issued 2 0 - year bonds 2 years ago at a coupon rate of 6 . 4

Problem 8-3 Bond Yields
Asaburn Corporation issued 20-year bonds 2 years ago at a coupon rate of 6.4 percent. The bonds make semiannual payments. If these bonds currently sell for 110 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.,32.16.)
YTM
%
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