Question: YZX Corp. has a bond issue with a $ 1 , 0 0 0 par value and a 1 2 % coupon rate. It pays

YZX Corp. has a bond issue with a $1,000 par value and a 12% coupon rate. It pays interest semi-annually and has 7 years remaining to maturity. It just made a coupon payment (i.e., it has 14 coupon payments left to make). If the bond's current price is $1,170, what is the bond's yield to maturity? Enter your answer as a percent without the % sign. Round your final answer to two decimals.
YZX Corp. has a bond issue with a $1,000 par value

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