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(Yield to maturity) A(n) 14-year bond for Rusk Corporation has a market price of $1,175 and a par value of $1,000. If the bond has

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(Yield to maturity) A(n) 14-year bond for Rusk Corporation has a market price of $1,175 and a par value of $1,000. If the bond has an annual interest rate of 11 percent, but pays interest semiannually, what is the bond's yield to maturity? The bond's yield to maturity is % (Round to two decimal places.)

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