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You bought a six - year bond issued by Sheridan Corp. four years ago. At that time, you paid $ 9 7 2 . 3

You bought a six-year bond issued by Sheridan Corp. four years ago. At that time, you paid $972.33 for the bond. The bond pays a coupon rate of 7.875 percent, and coupon payments are made semiannually. Currently, the bond is priced at $1,040.56, What yield can you expect to earn on this bond if you sell it today? (Round answer to 2 decimal places, e.g.15.25%.)
Effective annual yield

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