You are analyzing the after$-$tax cost of debt for a firm. You know that the firm's $12-$year maturity, $6\mathrm{.}50$ percent semiannual coupon bonds are selling at a price of $$610.$ Assuming that these bonds are the only debt outstanding for the firm.

Your answer is incorrect.

What is the current YTM of the bonds? $($Round intermediate calculations to $4$ decimdolaces, eg$.1\mathrm{.}2514$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

YTM $\%$