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Round to 2 decimal places (Yield to maturity) A(n) 13-year bond for Rusk Corporation has a market price of $700 and a par value of

image text in transcribedRound to 2 decimal places

(Yield to maturity) A(n) 13-year bond for Rusk Corporation has a market price of $700 and a par value of $1,000. If the bond has an annual interest rate of 6 percent, but pays interest semiannually, what is the bond's yield to maturity? The bonds yield to maturity is D%. (Round to two decimal places.)

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