Problem $6-4$ Bond Yields $[$LO $2]$

A Japanese company has a bond that sells for $97\mathrm{.}468$ percent of its $100,000$ par value. The

bond has a coupon rate of $5\mathrm{.}9$ percent paid annually and matures in $19$ years. What is the yield to

maturity of this bond?

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