The coupon rate is 620 percent and the quoted price is, Financial Management

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The coupon rate is 620 percent and the quoted price is

A Treasury bond that settles on August 10, 2013, matures on December 11, 2019. The coupon rate is 6.20 percent and the quoted price is 114:11. What is the bond's yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the sign in your response.)

Yield to maturity

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Financial Management: The coupon rate is 620 percent and the quoted price is

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