A bond has a maturity of 10 years, face value of $1,000, and…
A bond has a maturity of 10 years, face value of $1,000, and coupon rate of 5.00%. Coupon payments are made semiannually. If the bond is currently selling for $1,137.90, compute its annual yield to maturity, with semiannual compounding. Round your answer to the nearest hundredth of a percent. For example, enter 7% as 7.00 or 6.625% as 6.63.