The Timberlake-Jackson Wardrobe Co. has 10.6 percent coupon bonds on the market with ten years left to maturity. The bonds make annual payments and have a par value of $1,000.
If the bonds currently sell for $1,152.27, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Yield to maturity %