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The Tiger King Entertainment Co. has 10.9 percent coupon bonds on the market with seven years left to maturity. These coupon bonds make annual payments

The Tiger King Entertainment Co. has 10.9 percent coupon bonds on the market with seven years left to maturity. These coupon bonds make annual payments and have a par value of $1,000. Given that the bonds currently sell for $1,117.33, calculate the YTM. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Yield to maturity %

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