pis James just bought a 8% annual coupon bond that will mature in 10 years for...

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pis James just bought a 8% annual coupon bond that will mature in 10 years for $960. Assume the par value is $1,000. What is the yield- to-maturity of this bond? (Enter your answer as a whole number plus two decimal places. i.e. 2.25, not 0.0225) pis James just bought a 8% annual coupon bond that will mature in 10 years for $960. Assume the par value is $1,000. What is the yield- to-maturity of this bond? (Enter your answer as a whole number plus two decimal places. i.e. 2.25, not 0.0225)