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Sweet fruit, Inc. has a $1,000 par value bon that is currently selling for $1,280.

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Sweet fruit, Inc. has a $1,000 par value bon that is currently selling
for $1,280. It has an annual coupon rate of 9.90 percent, paid semiannually, and has 10-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bonf today and held it until maturity?

Round the answer to two deciaml percentage form.
All the work has to be shown.
You should use Excel or Financial calculator to solve this problem.

 
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