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Suppose the cash flows for a bond's coupon payment for years 1 through 8 are $67. That is, CFt = $67 for t(t = 1,
Suppose the cash flows for a bond's coupon payment for years 1 through 8 are $67. That is, CFt = $67 for t(t = 1, ...,8), and the bond will pay back the bond's par value of $1,000 when it matures. If the bond is issued very recently and its current price is 1067, what the yield to maturity (vadeye kadar getiri) of the bond? State your answer as a percentage with two decimal figures (for instance, if you find 12.65%, DO NOT round it to 13%)
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