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(Related to Checkpoint 9.2)(Yield to maturity)Hoyden Co.'s bonds mature in 8 years and pay 11 percent interest annually. If you purchase the bonds for $1,250,

(Related to Checkpoint 9.2)(Yield to maturity)Hoyden Co.'s bonds mature in

years and pay

percent interest annually. If you purchase the bonds for

$1,250,

what is their yield to maturity?

Question content area bottom

Part 1

The yield to maturity on the Hoyden bonds is

enter your response here%.

(Round to two decimal places.)

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