Suppose Moogle, Inc. wishes to issue a bond with a maturity of 13 years, a face value of $100,000 and an annual coupon rate of 7.0% to raise $86,189. What is the yield to maturity (YTM) on this bond? Note that the annual coupon rate is the annual coupon as a percentage of face value, but the coupon is paid every six months, and the YTM, like all interest rates, is reported on an annualized basis.