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The current market price of Smith Corporation's 8 percent coupon, 8 year bonds is $1,125.61. An 8% coupon rate is paid semi-annually, and the par

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The current market price of Smith Corporation's 8 percent coupon, 8 year bonds is $1,125.61. An 8% coupon rate is paid semi-annually, and the par value is equal to $1,000. What is the YTM (stated on a nominal, annual, basis) if the bonds mature 8 years from today? NOTE: Enter your answer as you would in a financial calculator, as the nominal percentage value, but without the percent sign (without "%") and not as a decimal. That is, for an 8 percent yield to maturity you would enter: 8 or 8.0, but not 8% and not as 0.08

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