Companies are issuing bonds with a face value of $1, 280. the bonds are selling at their par value. The bond issues 2 coupon payments evenly throughout the year, each with a value of $20. The bond has...

Companies are issuing bonds with a face value of $1, 280. the bonds are selling at their par value. The bond issues 2 coupon payments evenly throughout the year, each with a value of $20. The bond has 9 years-to-maturity

What is the YTM of the bond? Enter answer as a percentage, rounded to the nearest hundredth of a percent