Problem 8-6 Bond Yields A Japanese company has a bond outstanding that sells for 94 percent of its $100,000 par value. The bond has a coupon rate of 5.3 percent paid annually and matures in 15 years. What is the yield to maturity of this bond? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)