Question: Bryson DeChambeau bought $ 1 0 0 0 par value, 2 0 - year bonds issued by Pinnacle Inc. 7 years ago for $ 1

Bryson DeChambeau bought $1000 par value, 20-year bonds issued by Pinnacle Inc. 7 years ago for $1,056.49. The bonds make semiannual coupon payments at a rate of 5.5 percent. If the current price of the bond is $973.28, what is the yield that Bryson would earn by selling the bonds today? (Hint: Think of how long the bond was held. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16. Do not input a percent sign with your final answer.)
 Bryson DeChambeau bought $1000 par value, 20-year bonds issued by Pinnacle

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