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Fresh Fruit, INC. has a $1000 par value bond that is currentlyselling for $911. It has an annual co

Fresh Fruit, INC. has a $1000 par value bond that is currentlyselling for $911. It has an annual co

Fresh Fruit, INC. has a $1000 par value bond that is currentlyselling for $911. It has an annual coupon rate of 11.70 %, paidsemiannually, and has 28-years remaining until maturity. What wouldthe annual yield to maturity be on the bond if you purchased thebond today and held it until maturity?Round answer two decimal place. (Show in excel orfinancial calculator)