Question: Check My Work (1 remaining) 4-6: Bond Yields Problem Walk-Through Problem 4-2 Yield to Maturity for Annual Payments Wilson Wonders' bonds have 12 years remaining

Check My Work (1 remaining) 4-6: Bond Yields Problem Walk-Through Problem 4-2 Yield to Maturity for Annual Payments Wilson Wonders' bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity? Round your answer to two decimal places. %

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