This question is related to Question 6-7 in Ch. 6-B Assignment. The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the bonds currently sell for $1,068.79, what is the YTM (market intereste rate)? Hint: If x is the YTM in \%, then PV (x,9)=0.5919;PV(x,18)=0.3503;PV(x/2,9)= 0.7664;PV(x/2,18)=0.5874