The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years.

The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually.

Assuming that this bond trades for $1,035.44, then the YTM for this bond is equal to ________.

Assuming that this bond trades for $1,035.44, then the YTM for this bond is equal to ________.

Face valueYears to maturityCoupon rateFrequency of coupon paymentPriceYTM $1,000158%2$1,035.447.60%

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