he bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?

Answer 1

That is beyond my pay grade Carol. You need a financial software package. Google "yield to maturity"
The semiannually confuses the issue but I am not sure it matters much and perhaps you can use the 6%
You have to assume you reinvest the interest.
You have to figure that despite paying 989 you get 1000 at maturity