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Stealers Wheel Software has 6.5% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 111.71%

Stealers Wheel Software has 6.5% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 111.71% of par. What is the current yield?

Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box.For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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