Problem $6-28$ Bond Yields $[$LO $2]$

You find the following Treasury bond quotes. To calculate the number of years until maturity, assume that it is currently May $2022.$ All of

the bonds have a par value of $$1,000$ and pay semiannual coupons.

In the above table, find the Treasury bond that matures in May $2036.$ What is your yield to maturity if you buy this bond? Note: The first

column where it says "Rate" is the Coupon Rate. DON'T FORGET that this is a corporate bond, so coupons are paid semiannually

$($twice a year$).$

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Yield to maturity