Problem $6-7$ Bond Yields $[$LO $2]$

Parkway Void Co$.$ issued $15-$year bonds two years ago at a coupon rate of $5\mathrm{.}4$ percent.

The bonds make semiannual payments. If these bonds currently sell for $106$ percent of

par value, what is the YTM$?($Do not round intermediate calculations and enter your

answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$