QP5-3 Bond Yields Watters Umbrella Corp. issued 12-year bonds 2 years ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. These...

QP5-3 Bond YieldsWatters Umbrella Corp. issued 12-year bonds 2 years ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. These bonds currently sell for 98 percent of par value.Required:What is the YTM? (Input answer as a percent rounded to 2 decimal places, without the percent sign. (e.g., 32.16))YTM____________percent