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What is the yield to maturity of a $1,000 par value bond with a coupon rate of 9.95% (semi-annual coupon payments) that matures in 28
What is the yield to maturity of a $1,000 par value bond with a coupon rate of 9.95% (semi-annual coupon payments) that matures in 28 years assuming the bond is currently selling for $1183.13? (Record your answer rounded to 2 decimal places; for example, record 0.1493824 = 14.93824% as 12.94)
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