# Question: assume the market price of a 7year bond for margaret...

###### Question details

Assume the market price of a 7-year bond for Margaret Inc. is
$1,200 and it has a par value of $1,000. The bond has an annual
interest rate of 8% that is paid semiannually. What is the yield
to maturity of the bond? The yield to maturity of the bond is .
(Round to two decimal places.)