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The market price of a semi - annual pay bond is $ 9 7 6 . 3 2 . It has 1 0 . 0

The market price of a semi-annual pay bond is $976.32. It has 10.00 years to maturity and a coupon rate of 6.00%. Par
value is $1,000. What is the effective annual yield?
Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%,% sign required. Will accept decimal
format rounded to 6 decimal places (ex: 0.092434))
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