The Petit chef Co. has 10.7% coupon bonds on the market with 11 years left to maturity. The bonds make annual payments and have a par value of $1000.

if the bonds currently sell for $1161.06, what is the YTM?

The Petit Chef Co. has 10.7 percent coupon bonds on the market with eleven years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,161.06, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)