Question: Saved Help Save & Exit Sub A bond that currently sells for 85% of par value has 15 years left to maturity and makes a

Saved Help Save & Exit Sub A bond that currently sells for 85% of par value has 15 years left to maturity and makes a $70 annual coupon payment. This bond must have a yield to maturity (YTM) greater than what percentage rate? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15,39% should be entered as 15 39 Numeric Response

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