Question: Please help me find the YTM on this bond. Snap On has 125,000 bonds outstanding, each with a face value of $1000. These bonds have

Please help me find the YTM on this bond.

Snap On has 125,000 bonds outstanding, each with a face value of $1000. These bonds have a coupon of 7.5%, pay interest semiannually. They were issued eight years ago with an original maturity of 20 years. They are currently trading at a quoted price of 117.61. (Note that bond prices are quoted as % of face value).

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