Suppose the following bond quotes for IOU Corporation appear in the financial page of todays newspaper. Assume the bond has a face value of $1,000 and the current date is April 19, 2012. What is the yield to maturity of the bond? (Assume coupons are paid semiannually.) (round 2 decimal places)

Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)

IOU (IOU) 5.9 Apr 19, 2033 91 ?? 1,845