Question: Problem 10-6 Yield to Maturity (LO1, CFA5) A bond with a maturity of 14 years sells for $1,088. If the coupon rate is 7.2 percent,

Problem 10-6 Yield to Maturity (LO1, CFA5) A bond with a

Problem 10-6 Yield to Maturity (LO1, CFA5) A bond with a maturity of 14 years sells for $1,088. If the coupon rate is 7.2 percent, what is the yield to maturity of the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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