Question: Problem 7 - 1 4 Yield to Maturity ( LG 7 - 6 ) A 5 . 8 0 percent coupon bond with 1 6

Problem 7-14 Yield to Maturity (LG7-6)
A 5.80 percent coupon bond with 16 years left to maturity is offered for sale at $996.42. What yield to maturity is the bond offering? (Assume interest payments are semiannual.)
Note: Round your answer to 2 decimal places.
Yield to maturity
Problem 7 - 1 4 Yield to Maturity ( LG 7 - 6 ) A

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