You have a bond that has a Face Value of $$100$ and coupon rate of $3\mathrm{.}5\%$ paid semi$-$

annually and maturity in $8$ years. The price of the bond is $$102\mathrm{.}40.$ What is its YTM$?$

$[$You can use the Excel YIELD function. Enter your answer as a $\%,$ that is if you answer

is $3\mathrm{.}29\%,$ you should enter $3\mathrm{.}29.$