Question: Problem 7-4 Bond Yields [LO2] e company has a bond outstanding that sells for 89 percent of its Y100,000 par value. The bond has a

Problem 7-4 Bond Yields [LO2] e company has a bond outstanding that sells for 89 percent of its Y100,000 par value. The bond has a coupon rate of 5.6 percent paid annually and matures in 18 years What is the yield to maturity of this bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Yield to maturity9

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