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You bought a six-year bond issued by Runaway Corp. four years ago. At that time, you paid $869.88 for the bond. The bond pays a

You bought a six-year bond issued by Runaway Corp. four years ago. At that time, you paid $869.88 for the bond. The bond pays a coupon rate of 7.375 percent, and coupon payments are made semiannually. Currently, the bond is priced at $1,106.51, What yield can you expect to earn on this bond if you sell it today?

Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

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