Bond Yields
Bonds with Semiannual Coupons
Yield to maturity
Heymann Company bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.
What is the yield to maturity at a current market price of $849? Round your answer to two decimal places.
Round your answer to two decimal places.