A few years ago spider web inc issued bonds with a 11 65% annual coupon rate paid semiannually The bonds have a


A few years ago spider web inc. issued bonds with a 11.65% annual coupon rate paid semiannually. The bonds have a

par value of 1000 a current price of 1096 and will mature in 11 years. What would the annual yield to maturity be on the bond if you purchased the bond today?