Question: YZX Corp. has a bond issue with a ( $ 1,000 ) par value and a 9 coupon rate. It pays interest semiannually and has

YZX Corp. has a bond issue with a \\( \\$ 1,000

YZX Corp. has a bond issue with a \\( \\$ 1,000 \\) par value and a \9 coupon rate. It pays interest semiannually and has 5 years remaining to maturity. It just made a coupon payment (i.e., it has 10 coupon payments left to make). If the bond's current price is \\( \\$ 1,400 \\), what is the bond's yield to maturity? Enter your answer as a percent without the \\% sign. Round your final answer to two decimals

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