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What is the yield to maturity of a bond with a par value of $1000, makes coupon payments semi-annually, has a 5% coupon rate, has
What is the yield to maturity of a bond with a par value of $1000, makes coupon payments semi-annually, has a 5% coupon rate, has 12.5 years until maturity, and is currently selling for $912.93?
ENTER YOUR ANSWER ROUNDED TO 1 DECIMAL PLACE WITHOUT THE PERCENT SIGN (i.e. 5.5% should be entered as 5.5)
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