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This Question: 1 pt 2 of 8 (1 complete) This Quiz: 8 pts pos (Related to Checkpoint 9.2) (Yield to maturity) Hoyden Co.'s bonds mature

This Question: 1 pt 2 of 8 (1 complete) This Quiz: 8 pts pos (Related to Checkpoint 9.2) (Yield to maturity) Hoyden Co.'s bonds mature in 8 years and pay 8 percent interest annually. If you purchase the bonds for $1,125, what is their yield to maturity? The yield to maturity on the Hoyden bonds is %. (Round to two decimal places.)

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