Suppose that a corporate bond has one year to maturity. The bond has a par value of $1,000 and its annual coupon rate is 8 %. After evaluating the risk, an investor concludes that the bond has a 15 percent probability of default and payment under default is $ 537. The current price of the bond is $ 926. If the investor decides to buy the bond now, what is the promised yield (in %) on the bond? (Round to two decimal places) Promised yield (in %) =