Stefanie is considering purchasing a bond with semiannual payments and an annual coupon rate fixed at 9 percent. Its face value of $1,000 is payable in 9 years and the bond trades at $1,374.80. What is the expected annual yield on the bond? (Use a Financial calculator/Excel to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places. Submit all calculations on Moodle) Annual yield on the bond %