Evans Emergency Response bonds have 8 years to maturity. Interest is paid semiannually. The bonds have a $1,300 par value and a coupon rate of 8 percent. If the price of the bond is $1,088.52, what is...

Extracted text: Evans Emergency Response bonds have 8 years to maturity. Interest is paid semiannually. The bonds have a $1,300 par value and a coupon rate of 8 percent. If the price of the bond is $1,088.52, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Annual yield to maturity %