Suppose you have a semi-annual coupon paying bond that has 10 years of maturity left, has a par value of $65,100, has a coupon rate of 7.23%, and has just paid its most recent coupon payment 10 days ago.
Currently, this bond trades for 97:13. What is this bond's annual yield as reported by the financial press?
What is this bond's annual yield based on a Time Value of Money-correct calculation?