What is the yield to maturity for the given bonds

Reference no: EM131947127

Question: Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 20-year to maturity, carry a 8.97 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $758 each. What is the yield to maturity for these bonds?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

Reference no: EM131947127

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