#$4$D $($YTM annually, semi$-$annually$)$

Page $1$ of $4$

This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems.

Question $1(1$ point$)$

What is the yield to maturity of a $11-$year bond that pays a coupon rate of $14\mathrm{.}33$ percent per year, has a $$1,000$ par value, and is currently priced at $$822?$ Assume annual coupon payments.

Round the answers to two decimal places in percentage form. $($Write the percentage sign in the "units" box$).$

You should use Excel or financial calculator: