Question $5$

A $4\%$ coupon bond with $6$ months remaining until maturity is currently

trading at $$995\mathrm{.}99.$ Assume semi$-$annual coupon payments. The bond's

YTM is

$\%.$

Margin of error for correct responses: $+/-\mathrm{.}03(\%).$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, $x,$ or any words in your

response. Do not round any intermediate work, but round your $*$ final$*$

response to $2$ decimal places $($example: if your answer is $12\mathrm{.}3456,$

$12\mathrm{.}3456\%,$ or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$