Problem $7\mathrm{.}7$ Bond Ylelds $[$LO$2]$

Ashburn Corporation $1$ssued $20-$year bonds two years ago at a coupon rate of $8$ percent.

The bonds make semlannual payments. If these bonds currently sell for $110$ 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$..3216.)$

YTM