What is the bond’s yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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A Treasury bond that settles on August 10, 2019, matures on August 3, 2024. The coupon rate is 4.3 percent and the quoted price is 103 5/32. What is the bond’s yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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