Solar is a brand$-$new trader on the bond trading desk of Sun & Moon Bank. Solar sees that a company,

Venus Inc., issues a $10-$year bond with a $6\%$ coupon rate that makes semi$-$annual payments $($i$.$e$.,20$

payments in total$).$ Solar sees that the price of Venus Inc.$$s bonds were quoted at $103\mathrm{.}00($i$.$e$.,103\%$ of

face value$),$ and is now tasked with getting an idea of how the market evaluates the risk profile of Venus

Inc. Solar$$s manager, Galaxy, informs that the $$Yield$-$to$-$Maturity $($YTM$)$ or $$Market Discount Rate$$ of

Venus Inc. would provide a good measure of how the market evaluates Venus Inc.$$s risk profile.

Calculate the YTM$/$Market rate for Venus Inc. Galaxy shows Solar a prior template used by the bank

as a reference point to work from. Assume the bond is issued Jan $1$st$,2023,$ and the last payment is due

Dec $31$st$,2032.$